Stock investment : Mapletree Industrial announces 1.4% rise in 2Q DPU to 2.83 cents, aided by lower expenses .

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The director of Mapletree Industrial Trust (MIT) has proclaimed a DPU of 2.83 pennies for 2Q finished Sept, 1.4% higher than a year back, on account of a more extreme fall in costs.

Net income in 2Q rose 1.8% to $84.2 million, lifted by higher rental rates secured over all property portions and higher inhabitance accomplished at howdy tech structures.

Property costs fell 5.2% to $20.6 million.

Distributable pay came in at $50.6 million, up 3.4% from a year prior.

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