Higher rental income from HK property lifts MNACT's Q2 payout

Singapore

HIGHER rental income from Festival Walk and higher average rates of the Hong Kong dollar and Japanese yen boosted Mapletree North Asia Commercial Trust's (MNACT) second quarter distribution per unit (DPU) to 1.937 Singapore cents, up from 1.926 cents it paid out a year ago.

This was partially offset by the lower average rate of the Chinese yuan against the Singapore dollar.