Mapletree Industrial Trust 1QFY22/23 Financial Results
Gross revenue and net property income for 1QFY22/23 increased 31.0% and 24.0% year-on-year to S$167.8 million and S$129.9 million respectively. As shared earlier, Distribution Per Unit (DPU) grew 4.2% year-on-year to 3.49 cents.| 1QFY22/23 (S$’000) | 1QFY21/22 (S$’000) | Change | |
| Gross Revenue | 167,805 | 128,059 | 31.0% |
| Net Property Income | 129,903 | 104,719 | 24.0% |
| Property expenses | (37,902) | (23,340) | 62.4% |
| Amount Distributable To Unitholders | 92,138 | 82,696 | 11.4% |
| Distribution Per Unit (“DPU”) (cents) | 3.49 | 3.35 | 4.2% |
Occupancy
Average Overall Portfolio occupancy increased quarter-on-quarter from 94.0% to 95.3%. As you can see from the bar chart below, there is improved occupancies across all property segments in Singapore and North America.
