Mapletree Commercial Trust posts Q4 DPU of 2.31 Singapore cents
Add BT as a preferred sourcePublished Tue, Apr 23, 2019 · 11:38 AM
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MAPLETREE Commercial Trust on Tuesday posted distribution per unit (DPU) of 2.31 Singapore cents for the fourth quarter ended March 31, up 1.8 per cent from 2.27 cents a year ago.
Net property income (NPI) rose 3.9 per cent to S$87.56 million on sustained earnings growth from VivoCity and higher gross revenue and NPI from its office properties. Income available for distribution was up 3.1 per cent to S$66.86 million.
For the full year, NPI improved 2.6 per cent to S$347.63 million, while income available for distribution was up 1.4 per cent to S$264.03 million.
The total payout for the year is 9.14 Singapore cents per share.
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