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Mapletree Industrial Trust's DPU Declines 5% in Fiscal Q1

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Mapletree Industrial Trust's (SGX:ME8U) distribution per unit, or DPU, fell 4.9% in the fiscal first quarter ended June 30 to SG$0.0311 from SG$0.0327 a year earlier, according to a Thursday filing with the Singapore Exchange.

The company's shares were up nearly 1% in Friday's trade.

Distribution to shareholders was down 4.8% to SG$88.8 million from SG$93.3 million a year ago.

Net property income fell 8.5% to SG$122.3 million from SG$133.6 million in the year-ago period.

Gross revenue in fiscal Q1 dropped 7.7% year over year to SG$162.3 million from SG$175.9 million.

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