[SINGAPORE] Mapletree Industrial Trust\u2019s distribution per unit (DPU) fell 4.7 per cent to 3.27 Singapore cents for its first quarter ended Jun 30, 2025, from 3.43 cents the year before. <\/p>\n
Nevertheless, gross revenue was up 0.3 per cent to S$175.9 million for the quarter, from S$175.3 million in the year-earlier period. <\/p>\n
This was due to revenue contributions from the freehold mixed-use facility in Tokyo acquired in October 2024; the completion of the final phase of fitting-out works of its Osaka Data Centre, as well as new leases and renewals across various Singapore property clusters, its manager said on Monday (Jul 28). <\/p>\n
Net property income (NPI) grew 0.8 per cent on the year to S$133.6 million for the quarter, from S$132.5 million. <\/p>\n
But distribution to unitholders fell 4.1 per cent on year to S$93.3 million, largely due to the lower cash distribution declared by its joint venture, Mapletree Rosewood Data Centre Trust, due to higher borrowing costs from the repricing of matured interest rate swaps.<\/p>\n
The distribution will be paid out on Sep 8, 2025, after books closure on Aug 5. <\/p>\n
Ler Lily, chief executive of the manager, noted that the data centre sector continues to be a key pillar of its growth, amid surging demand driven by cloud computing, artificial intelligence and digital transformation. <\/p>\n
\u201cTo this end, our expansion plan into Europe and Asia-Pacific will be a key area of growth as we rebalance our portfolio for resilience,\u201d she said.<\/p>\n
Units of MIT closed 0.5 per cent or S$0.01 higher at S$2.07 on Monday, before the results were posted.<\/p>\n
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