Mapletree Industrial Trust 1Q FY24/25 distribution per unit increased 1.2% year-on-year to 3.43 cents, compared to 3.39 cents in 1Q FY23/24. Summary of Mapletree Industrial Trust's 1Q FY24/25 results Mapletree Industrial Trust reported its results and dividends for the first quarter fiscal year 24/25 (1Q FY24/25) for the quarter ending 30th June 2024.

• Mapletree Industrial Trust's 1Q FY24/25 distribution per unit (DPU) increased 1.2% year-on-year to 3.43 cents, compared to 3.39 cents in 1Q FY23/24.
• Mapletree Industrial Trust's 1Q FY24/25 DPU also increased by 2.1% compared to the DPU of 3.36 cents in the previous quarter.
• This translates to an annualised yield of 6.1%.

Source: Mapletree Industrial Trust Revenue and net property income for 1Q FY24/25 rose by 2.7% and 1.3% year-on-year to S$175.3 million and S$132.5 million respectively. The improvement was mainly attributed to the revenue contribution from the newly acquired data centre in Osaka, Japan, as well as new leases and renewals signed. Mapletree Industrial Trust's portfolio occupancy increased slightly to 91.9% from 91.4% in 4Q FY23/24 as the REIT...