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Mapletree Commercial Trust's H1 DPU rises 5.3% as property income climbs by 10.7%

Income rise due to lower rental rebates, lease termination compensation; 96% committed occupancy

Tay Peck Gek

Tay Peck Gek

Published Thu, Oct 28, 2021 · 05:50 AM
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Singapore

MAPLETREE Commercial Trust's gross revenue for the half-year of FY 2022 to September rose by 11.5 per cent, while its net property income improved 10.7 per cent, mainly due to lower rental rebates as well as compensation received from a pre-terminated lease.

The results filed by the trust's manager, Mapletree Commercial Trust Management, to the Singapore Exchange on Wednesday (Oct 27) indicated that distribution per unit (DPU) rose 5.3 per cent to 4.39 Singapore cents from 4.17 cents.…

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