Mapletree Commercial Trust Q2 DPU up 9.4%

Singapore

MAPLETREE Commercial Trust on Friday reported a 9.4 per cent increase in distribution per unit (DPU) to 1.97 Singapore cents for its second quarter ended Sept 30, 2014.

This came on the back of an 11 per cent increase in income available for distribution to S$41.4 million.

Gross revenue rose 6.3 per cent to S$70 million on positive contributions from VivoCity, PSA Building and Mapletree Anson, thanks to higher rental income achieved for new and replacement leases, as well as step-ups in existing leases. In tandem, net property income rose 8.8 per cent…