As at March 31, MIT’s total assets under management was $8.9 billion, comprising 83 properties in Singapore and 56 properties in North America, including 13 data centres held through a joint venture with Mapletree Investments.
Mapletree Industrial Trust (SGX:ME8U
) (MIT) has reported a distribution per unit (DPU) of 3.36 cents for 4QFY2024 ended March 31, up 0.9% y-o-y. This brings full-year FY2024 DPU to 13.43 cents, down 1.0%.
Net property income for the full-year period increased by 0.6% y-o-y to $521.0 million, while gross revenue came to $697.3 million, up by 1.8% y-o-y. The improved performance was mainly driven by revenue contributions from the Mapletree Hi-Tech Park @ Kallang Way redevelopment project and the Osaka data centre, as well as new leases and renewals across various property clusters.
