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Mapletree North Asia Commercial Trust reports dismal Q1 results due to Covid-19

MAPLETREE North Asia Commercial Trust on Monday posted a 10.7 per cent drop in its gross revenue to S$93.7 million. Its net property income declined 19.5 per cent to S$68.5 million for its first quarter ended June 30.

The decline was mainly due to rental reliefs granted to its tenants and...

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