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.