- For the latest quarter, gross revenue grew 1.5% year-on-year while net property income went up by 2.0%.
- The increase was mainly on the back of contributions from newly-acquired data centres in the US.
- However, distribution per unit (DPU) declined by 1% year-on-year to 3.10 Singapore cents due to an enlarged unit. On a quarter-on-quarter basis, DPU grew 8%.
- The REIT didn’t withhold any distribution this quarter, unlike the previous two quarters, due to the improving COVID-19 situation here.
Mapletree Industrial Trust (SGX: ME8U) is a REIT with a portfolio of 84 industrial properties in Singapore and 27 properties in North America.
On 27 October, Mapletree Industrial Trust announced its financial results for its second quarter ended 30 September 2020 (2QFY20/21).
Let’s look at some of the important aspects of the announcement right here.
TL;DR: Mapletree Industrial Trust’s 2QFY20/21 Financial Performance
Here’s a summary of Mapletree Industrial Trust’s latest earnings:
