Mapletree Industrial Trust's (SGX:ME8U) distribution per unit or DPU, declined 7% in the fiscal third quarter ended Dec. 31, 2025, to SG$0.0317 from SG$0.0341 a year earlier, according to a Wednesday filing with the Singapore Exchange.
Distribution to unitholders fell 6.9% to SG$90.5 million from SG$97.1 million.
Net property income was down 7.8% to SG$122.8 million from SG$133.2 million a year earlier.
Gross revenue slumped 8% year over to SG$163.1 million from SG$177.3 million, mainly due to lower contribution from the North American portfolio.
Average overall portfolio occupancy stood at 91.4% during the period, driven by an improvement in average Singapore portfolio occupancy, which reported a weighted average rental reversion rate of 7.1%.