Mirvac trust posts profit on US recovery Mirvac Industrial Trust owns 29 Chicago properties Source: Supplied MIRVAC Industrial Trust has posted a 139 per cent lift in its net profit to $3 million as the property market improves in the US. Operating profit for the trust increased 7.5 per cent over the previous corresponding period to $6.7m, or 2c per security. The trust owns 29 properties around Chicago worth $244m and has debt levels of 63 per cent. Nicholas Blake, the trust's manager, said the operating earnings guidance for the year to June 30 was at the upper earnings guidance range of 1.85c to 2c per unit. "The trust continues to benefit from the ongoing US recovery, the pace of which is building momentum," he said. A distribution of 0.5c was declared for the year to June 30.