12% higher Q3 DPU for MCT

MAPLETREE Commercial Trust (MCT) posted a distribution per unit (DPU) of 1.865 cents for its third quarter ended Dec 31, 2013, up 11.9 per cent from 1.667 cents the previous year.

Distributable income was $38.7 million, up from $31.2 million a year ago. Gross revenue grew 22.4 per cent to $68.4 million, while net property income (NPI) rose 24.9 per cent to $49.4 million, as a result of positive contributions from VivoCity, PSA Building (PSAB) and new revenue from Mapletree Anson following its acquisition in February 2013.

Unitholders will receive the distribution on March 7.