However, the decline was partially mitigated by the full year contribution from the freehold mixed-use facility in Tokyo acquired back in October 2024, and the completion of the final phase of fitting-out works at the Osaka Data Centre.
Mapletree Industrial Trust (MINT) (SGX:ME8U
) has reported a distribution per unit (DPU) of 12.71 cents for FY2026, ended March 31, 2026, 6.3% lower y-o-y.
Gross revenue and net property income (NPI) in the same period were down by 5.5% and 5.9% y-o-y to $673.0 million and $500.4 million respectively. The decline was due to absence of income from the divestment of three industrial properties in Singapore, non-renewal of leases within the North American portfolio and the depreciation of USD against SGD.
