Mapletree Greater China Commercial Trust's Q2 DPU up 10.4%

MAPLETREE Greater China Commercial Trust posted an 11.9 per cent increase in distributable income in its fiscal second quarter on the back of positive rental adjustments.

The real estate investment trust's (Reit) income available for distribution to unitholders rose to S$43.5 million for the three months to September 30. The Reit will distribute 1.606 Singapore cents per unit, up 10.4 per cent from its year-ago distribution.

For the half year through September, available distribution per unit was up 11.1 per cent year on year to 3.162 Singapore cents.

Net property income increased by 9 per cent in the latest quarter to S$55.1 million, bringing the fiscal first-half net property income to S$107.7 million, a 9.4 per cent gain.

Shares of the Reit closed at 95 Singapore cents on Friday, up by 0.5 per cent or half a cent, before the results were announced.