MGCCT posts 8.7% rise in Q1 DPU

Singapore

MAPLETREE Greater China Commercial Trust (MGCCT) reported an 8.7 per cent growth in distribution per unit (DPU) for the fiscal first quarter ended June 30 to 1.696 Singapore cents, thanks to higher rents amid strong leasing demand.

The Reit reported a 19.1 per cent year-on-year jump in gross revenue to S$75.9 million and an 18.7 per cent leap in net property income to S$62.4 million during the quarter.