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Mapletree Commercial Trust's Q1 net property income falls 10.7%

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MCT's core VivoCity property (left) recorded 98.4 per cent committed occupancy as at June 30. Rental rebates were given to the retail tenants there.

Singapore

MAPLETREE Commercial Trust (MCT) on Thursday reported a 10.7 per cent year-on-year decline in net property income to S$78.9 million for the first quarter, attributing it largely to rental rebates given to retail tenants at its core VivoCity property during the Covid-19 pandemic...

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