Mapletree Industrial Trust posts 2% YoY rise in NPI

With a higher NPI, MIT's DPU rose by 1% YoY.

Mapletree Industrial Trust's (MIT) net property income increased by 2% year-on-year (YoY) to $531m in FY2024.

Lower distribution from its joint venture and interest on new borrowings taken to fund an acquisition in Tokyo offset the higher net property income.

Distribution to unitholders and distribution per unit (DPU) rose in tandem, increasing by 2% YoY to $385m and by 1% YoY to $0.0135 in FY 2024.

The company said unitholders can expect to receive their quarterly DPU on 13 June 2025.

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