Mapletree NAC Trust posts 3.2% rise in Q3 DPU

Singapore

MAPLETREE North Asia Commercial Trust on Friday posted a 3.2 per cent rise in distribution per unit (DPU) for its fiscal third quarter, lifted by higher distributable income.

DPU for the three months ended Dec 31, 2008 stood at 1.927 Singapore cents, up from 1.868 Singapore cents in the same period a year ago. Its distributable income for the fiscal third quarter rose 15.9 per cent to S$61 million, driven by acquisition of properties in Japan and higher contribution from existing properties.