MCT posts 3.6% rise in Q1 DPU on higher gross revenue, NPI
Gross revenue edged up 3.3% year-on-year to S$112.13m, while NPI rose 2.8% to S$88.35m
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Singapore
MAPLETREE Commercial Trust (MCT) on Thursday posted a 3.6 per cent year-on-year increase in distribution per unit (DPU) to 2.31 Singapore cents for the first quarter ended June 30 as it chalked up higher gross revenue and net property income (NPI).
Gross revenue edged up 3.3 per cent year-on-year to S$112.13 million on the back of higher contributions from all properties except Mapletree Anson. NPI rose 2.8 per cent to S$88.35 million, while income available for distribution in the quarter under review was up 4.1 per cent at S$67.25 million. As at June 30, the committed occupancy of the portfolio stood at 98.9 per cent.
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