Mapletree Industrial Trust's DPU Down 8% in Fiscal Q4; Shares Down 4%

MT Newswires

04/29

Mapletree Industrial Trust's (SGX:ME8U) distribution per unit or DPU fell 8% during the fiscal fourth quarter ended March 31 to SG$0.0309 from SG$0.0336 a year earlier, according to a Tuesday filing with the Singapore Exchange.

Shares of the trust were down over 4% in Wednesday trading.

Distribution to shareholders was down 7.9% to SG$88.2 million from SG$95.8 million.

Net property income fell 8.6% to SG$119.9 million from SG$131.2 million in the year-ago period.

Gross revenue dropped 7.9% year over year to SG$163.8 million from SG$177.8 million.

Meanwhile, average overall portfolio occupancy declined to 91.2% from 91.4% in the prior period.

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