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Mapletree Industrial Trust Delivers Stable Distribution Per Unit Of For FY19/20

April 28, 2020 — Mapletree Industrial Trust Management Ltd., as manager of Mapletree Industrial Trust (MIT), announced that MIT’s distribution per Unit (DPU) for the Financial Year 2019/2020 from 1 April 2019 to 31 March 2020 (“FY19/20”) was 12.24 cents, 0.7% higher than the previous financial year.

Gross revenue and net property income for FY19/20 grew 7.9% and 10.5% year-on-year to S$405.9 million and S$318.1 million respectively. This was primarily attributed to the higher contributions from 18 Tai Seng, 30A Kallang Place, 7 Tai Seng Drive and Mapletree Sunview 1.

Distributable income for FY19/20 rose 14.5% year-on-year to S$265.3 million. The improved performance was mainly due to higher net property income, interest income and contributions from the newly acquired 13 data centres in North America held under Mapletree Rosewood Data Centre Trust, a 50:50 joint venture between MIT and Mapletree Investments Pte Ltd2. DPU for FY19/20 increased by 0.7% to 12.24 cents.

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