Mapletree China commercial trust posts 11.9% Q2 DPU growth
Singapore
MAPLETREE Greater China Commercial Trust (MGCCT) has posted an 11.9 per cent year-on-year growth in distribution per unit (DPU) to 1.56 Singapore cents for the second quarter ended June 30 with strong rentals for its retail and office assets, beating its forecast by 9.3 per cent.
MGCCT's gross revenue rose 8.6 per cent to S$63.8 million as Festival Walk (a retail mall in Hong Kong) and Gateway Plaza (a Grade-A office in Beijing) both raked in higher revenues. Net property income rose 9.9 per cent to S$52.6 million, exceeding its forecast by 8.…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Honda to invest US$808 million in Brazil by 2030
US: Nasdaq, S&P tumble as Netflix, chip stocks drag
Europe: L’Oreal gains cap third week of declines
Telegram messaging service to allow Tether stablecoin payments
Hong Kong regulator to probe PwC auditing role over Evergrande
US: S&P, Dow open flat as Middle East jitters ease, Netflix weighs on Nasdaq