Mapletree Commercial Trust Q3 DPU up 11.5%

MAPLETREE Commercial Trust on Wednesday said that distribution per unit (DPU) for its fiscal third quarter rose 11.5 per cent on higher net property income.

DPU for the three months ended Dec 31, 2014, stood at 2.08 Singapore cents, compared to 1.865 Singapore cents the same period a year ago.

Net property income was up 10.7 per cent from a year ago to S$54.7 million, with the gains in gross revenue outpacing that of property operating expenses.