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Mapletree Commercial Trust's DPU up 1% in Q1

It's proposing an offering of 727.7m new units to raise about S$1.02b at least to fund acquisition

Singapore

AMID a challenging landscape for office and retail property, Mapletree Commercial Trust (MCT) reported a one per cent increase in distribution per unit (DPU) from a year ago to 2.03 Singapore cents in the fiscal first quarter ended June 30.

Gross revenue rose 5.2 per cent