SINGAPORE – Macarthurcook Industrial Reit posted a 19.4 per cent drop in distribution to unitholders for its fourth quarter ended March 31.

Distribution to unitholders fell to $5 million for the three months from $5.8 million a year ago.

This translates to a distribution per unit of 1.875 cents, compared with 2.22 cents a year ago.

Net property income rose 15.7 per cent to $9.27 million from $8.02 million.