MIT - Mapletree Ind Tr :On a quarter-on-quarter basis, DPU for 1QFY26/27 increased by 0.6% to 3.11 cents. This was primarily due to improved performance from the Singapore portfolio with the absence of cyclical works.

 On a quarter-on-quarter basis, DPU for 1QFY26/27 increased by 0.6% to 3.11 cents. This was

primarily due to improved performance from the Singapore portfolio with the absence of 

cyclical works.

Positive rental reversions achieved for renewal leases in Singapore and North America

with healthy occupancies in the Singapore Portfolio and Japan Portfolio

• Increased Overall Portfolio’s weighted average lease to expiry (“WALE”) with the 

successful backfilling of 2301 West 120th Street, Hawthorne and the lease extension at 

1400 Kifer Road, Sunnyvale

• Advancing portfolio rejuvenation strategy through targeted divestments and disciplined 

reinvestment into properties that enhance portfolio quality and long-term returns.

Gross revenue and net property income for 1QFY26/27 decreased by 7.7% and 8.5% year-

on-year to S$162.3 million and S$122.3 million respectively. This was mainly attributed to the 

absence of income from the portfolio divestment of three industrial properties in Singapore.

Borrowing costs decreased by 24.6% year-on-year to S$18.5 million in 1QFY26/27. This was

mainly due to the repayment of loans with proceeds from the Singapore Portfolio Divestment

and perpetual securities issuance as well as lower interest on unhedged floating rate loans, 

partially offset by the impact of higher interest cost from repricing of matured interest rate 

swaps.

Distribution to Unitholders for 1QFY26/27 was S$88.8 million, 4.8% lower than the

corresponding quarter last year. Accordingly, DPU decreased by 4.9% year-on-year to 3.11

cents in 1QFY26/27.