Mapletree Commercial Trust slashes Q4 payout for prudence's sake
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Singapore
MAPLETREE Commercial Trust has declared a distribution per unit (DPU) of 0.91 Singapore cent for the fourth quarter ended March 31, down sharply from 2.31 Singapore cents in the year-ago period, despite a 10.5 per cent rise in distributable income.
This is in the interest of exercising prudence amid an uncertain Covid-19 situation, said the real estate investment trust's manager on Wednesday after market close.
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