New revenue contributions boost MIT's Q2

Singapore

NEW revenue contributions from recently acquired, refurbished or completed properties led Mapletree Industrial Trust (MIT) to post a higher distribution per unit (DPU) of 3.13 Singapore cents for its second quarter, up from the 3.01 Singapore cents it paid out a year ago.

For the three months ended Sept 30, 2019, gross revenue rose 10.5 per cent to S$101.9 million, largely due to new revenue contributions from 18 Tai Seng, 30A Kallang Place and Mapletree Sunview 1.

As a result, net property income in Q2 increased by 13.3 pe…