Mapletree Industrial Trust's DPU Down 8% in Fiscal Q4; Shares Down 4%

MT Newswires04-29

Mapletree Industrial Trust's (SGX:ME8U) distribution per unit or DPU fell 8% during the fiscal fourth quarter ended March 31 to SG$0.0309 from SG$0.0336 a year earlier, according to a Tuesday filing with the Singapore Exchange.

Shares of the trust were down over 4% in Wednesday trading.

Distribution to shareholders was down 7.9% to SG$88.2 million from SG$95.8 million.

Net property income fell 8.6% to SG$119.9 million from SG$131.2 million in the year-ago period.

Gross revenue dropped 7.9% year over year to SG$163.8 million from SG$177.8 million.

Meanwhile, average overall portfolio occupancy declined to 91.2% from 91.4% in the prior period.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
1