Earnings call transcript: Mapletree Industrial Trust Q2 2026 DPU falls 6.6%
Mapletree Industrial Trust's Q2 2026 earnings call revealed a 6.6% decline in distribution per unit (DPU) to 2.97 Singapore cents, as borrowing costs and weaker North American occupancy impacted results. Net property income fell 3.5% to SGD 119.8 million. Occupancy dropped to 89.7% overall, with data center occupancy decreasing to 82.1% in North America.
The trust aims to achieve SGD 500 million to SGD 600 million in divestments by end of FY 2026/2027. Despite challenges, the Singapore portfolio shows resilience, with 184 lease renewals and 65 new leases.
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