Gross revenue and net property income (NPI) grew by 4.2% and 4.6% to $181.4 million and $134.5 million, respectively.
Analysts from UOB Kay Hian (UOBKH), CGS International, DBS Group Research and Citi Research have maintained their “add” and “buy” calls on Mapletree Industrial Trust (SGX:ME8U
) (MINT), following the REIT’s release of its 2QFY2025 ended Sept 30 results, on Oct 29. Morningstar is less upbeat with a maintained rating of “two stars”.
MINT announced a 2QFY2025 distribution per unit (DPU) of 3.37 cents, 1.5% higher y-o-y while distribution income to unitholders rose by 1.9% y-o-y to $95.8 million. The DPU and distribution income includes divestment gains from Tanglin Halt.
