The trust reported a net property income (NPI) of $531.5 million, up 2% y-o-y for FY2024/2025. However, for the fourth quarter ended March, NPI dropped 0.5% y-o-y to $131.2 million.
Mapletree Industrial Trust (MIT) has reported a distribution per unit (DPU) of 13.57 cents for the FY2024/2025 ended March 31, up 1% y-o-y. For the fourth quarter, DPU came in flat y-o-y at 3.36 cents.
This reported DPU includes the distribution of net divestment gain of $13.4 million from 115A & 115B Commonwealth Drive over four quarters from 1QFY2024/2025 to 4QFY2024/2025, and the distribution of net compensation of $1.9 million in relation to a redevelopment project which was recognised in 1QFY2024/2025.
