Mapletree Industrial Trust (SGX: ME8U), or MIT, has performed better than most in 2020. The industrial REIT has a strong sponsor in Mapletree Investments Pte Ltd, a unit of Temasek Holdings and reported a resilient set of numbers for its fiscal year 2021 (FY2021) ended 31 March 2021. Gross revenue was up 10.2% year on year to S$447.2 million while distribution per unit (DPU) inched up 2.5% year on year to S$0.1255. This strong performance can be attributed to the consolidation of revenue from the acquisition of 14 data centres in the US back in June last year. Now, the REIT has stepped up its data centre presence with its latest acquisition. Last week, MIT announced that it will acquire 29 data centres across 18 states in the US for a total purchase price of US$1.32 billion. Once this acquisition is concluded, the REIT will achieve a new milestone — data centres will make up more than half its assets under management as of 31 March 2021....