Mapletree Industrial Trust ("MIT") announced another quarter of splendid results. Its Q2 Gross Revenue increased by a whopping +50.5% year-on-year with a +47.4% corresponding in net property income. Most importantly, its quarterly distribution increased by +11.99%. At the market price of S$2.75 per unit, its annualised forward distribution yield thus hits 5.05% per annum.  Summary of Q2 and 1st Half FY2021/2022 results
Zoom in on Q2 Quarterly YoY results The stellar performance of MIT is mainly driven by contributions from the completion of US$1.32 billion acquisition of 29 data centres in the United States of America on 22 July 2021. I am happy to see the gradual transformation of MIT into a more data centres centric REIT. Its overall WALE also increased from 3.7 to 4.3 years.   MIT hits 5.05% distribution yield
MIT's market price lower than NAV per unit-so much better than Keppel Data Centre...