Mapletree Industrial Trust has achieved a distributable income of $37.5 million for the second quarter, 18.4% higher than the corresponding period last year.
Distribution per unit amounted to 2.29 cents, an increase of 11.7% from 2.05 cents over the same period.
Net property income was flat at $48.4 million for the quarter ended Sept 30.
The strong performance was led by contributions from acquisition, positive rental revisions and stable occupancies across key property segments.
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