Higher rents boost Mapletree Commercial's Q3

Singapore

RETAIL landlord Mapletree Commercial Trust (MCT) on Wednesday posted a 1.3 per cent increase in income available for distribution to S$66.5 million for its third quarter ended Dec 31, 2017.

Distribution per unit (DPU) also rose to 2.3 Singapore cents, up from 2.28 Singapore cents a year ago. This will be paid on Feb 28; the books closure date is Feb 1.