Brief: Mapletree Industrial Trust says Q4 net property income s$66 million

Mapletree Industrial Trust

24/04/2017 11:36

April 24 (Reuters) - Mapletree Industrial Trust  MAPI.SI : 
    * Average portfolio occupancy for 4QFY16/17 increased 
marginally to 93.1pct from 92.1pct in preceding quarter 
    * Unitholders can expect to receive their quarterly DPU for 
period 1 january to 31 march 2017 on 30 may 2017 
    * Q4 net property income s$66 million, up 4 percent QOQ 
    * Qtrly distributable income S$51.750 million versus S$51.1 
million in Q3 
    * Phase two of BTS development for hewlett-packard is on 
track for completion by 30 june 2017 
    * Business environment in singapore "remains uncertain amid 
global trade uncertainties and rising interest rates" 
    * DPU for the period from 1 january 2017 to 31 march 2017 
was 2.88 singapore cents 
    * Continued supply of competing industrial space and 
movement of tenants expected to exert pressure on rental and 
occupancy rates 
 
Source text for Eikon:  ID:nSN882FFg  
Further company coverage:  MAPI.SI  
 
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