Stock Track | Mapletree Industrial Trust Plummets 3.40% Intraday on Lower DPU and Divestment Plans

Stock Track

04/29

Units of Mapletree Industrial Trust (ME8U.SI) plummeted 3.40% during intraday trading on Wednesday, following the release of its quarterly financial results.

The trust posted a distribution per unit (DPU) of S$0.0309 for its fourth quarter ended March 31, representing an 8% decline from S$0.0336 in the same period last year. Additionally, the manager announced plans to undertake an additional S$500 million to S$600 million in selective North American divestments, aiming to redeploy capital towards sustainable growth initiatives.

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