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MGCCT's Q1 DPU rises 9.1% to 1.85 cents

Gross revenue up 11.9%, boosted by Shanghai's Sandhill Plaza, HK's Festival Walk; net property income jumps 11.2%

Published Fri, Jul 29, 2016 · 09:50 PM

Singapore

MAPLETREE Greater China Commercial Trust (MGCCT) on Friday reported a 9.1 per cent rise in distribution per unit (DPU) for the fiscal first quarter ended June 30 to 1.85 Singapore cents, thanks to an enlarged portfolio and higher revenue.

Gross revenue rose 11.9 per cent to S$84.96 million and net property income (NPI) jumped 11.2 per cent to S$69.42 million for the quarter compared with the previous year. Distributable income for the period grew 10.6…

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