Mapletree Industrial Trust’s NPI up 4.6% in Q2 to $134.5m
It attributed the increase to contributions from the Osaka Data Centre.
New leases and renewals helped boost Mapletree Industrial Trust’s (MIT) net property income (NPI) by 4.6% YoY to $134.5m in Q2 FY24/25.
Contributions from the Osaka Data Centre also contributed to the increase.
With higher NPI, MIT also recorded improved distribution to unitholders and distribution per unit (DPU).
In Q2, distribution to unitholders rose 1.9% YoY to $95.8m.
Meanwhile, DPU rose 1.5% YoY to $0.0337.