Mapletree Industrial Trust's net property income up 4.2% to $60.2m in Q1

Due to higher occupancy, lower operating costs.

Mapletree Industrial Trust reported that its net property income grew 4.2% year-on-year to $60.2m in the first quarter.

The growth was achieved on back of higher occupancy rates across most property segments, as well as lower property operating expenses.

Distribution per unit grew 3% to 2.73 S cents, while amount available for distribution rose 3.2% to $48.2m.

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