Mapletree North Asia Commercial Trust's H2 DPU up 2.8%

MALL and office landlord Mapletree North Asia Commercial Trust (MNACT) posted a 2.8 per cent rise in distribution per unit (DPU) to S$0.03393 for the second half-year ended Mar 31, 2022, up from S$0.03299 a year earlier.

Gross revenue was up 4.9 per cent at S$211.2 million for the half-year period, from S$201.3 million a year earlier.

Net property income (NPI) grew 5.1 per cent to S$160.1 million for the half-year, from S$152.3 million. Distributable income rose 5.6 per cent to S$119.7 million, up from S$113.3 million a year earlier.