Mapletree Industrial Trust DPU grows 6.4% in Q3 FY21/22

The growth was supported by the portfolio acquisition of data centres in North America.

Mapletree Industrial Trust (MIT) has announced its distribution per unit (DPU) for the third quarter (Q3) of the financial year 2021/2022 (FY21/22) grew 6.4% year-on-year (YoY) to 3.49 cents on an enlarged unit base, which arose from the equity fundraising exercise completed in the first quarter of FY21/22.

Gross revenue and net property income for Q3 FY21/22 increased 31.3% and 24.1% YoY to $162.4m and $122.7m, respectively. The increases were mainly driven by contributions from the acquisition of 29 data centres in the United States of America Amount available for distribution to unitholders for Q3 FY21/22 rose by 10.4% YoY to $89.5m.

MIT Management CEO Tham Kuo Wei said, "Our portfolio rebalancing efforts towards higher value segments have enabled us to deliver another quarter of robust results. While the global economic recovery remains uneven, we will continue to strengthen the portfolio through strategic acquisitions and developments. The resumption of the distribution reinvestment plan will help to finance the redevelopment of the Kolam Ayer 2 Cluster and provide us with the greater financial flexibility to seize investment opportunities."

Unitholders can expect to receive their quarterly distribution per unit for the period from 1 October 2021 to 31 December 2021 in cash or dividend reinvestment plan units on 15 March 2022.

Follow the link for more news on

Mapletree Industrial Trust

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia