Mapletree Industrial Trust Group reported first quarter profit of S$98.0 million, an increase of 4.2% from prior year. Gross revenue was S$175.28 million, up 2.7% from last year. Net property income was S$132.54 million, an increase of 1.3% from a year ago.
MIT Group said its performance was primarily driven by revenue contribution from Osaka Data Centre, new leases and renewals and higher distribution declared by joint venture.
MIT Group comprises Mapletree Industrial Trust and its subsidiaries.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.