MCT's Q2 boosted by better portfolio contribution

Singapore

HIGHER contribution from its assets - VivoCity, Mapletree Business City I, PSA Building and Bank of America Merrill Lynch HarbourFront - with one exception, boosted Mapletree Commercial Trust's (MCT) second-quarter performance.

That exception was Mapletree Anson. For the three months ended Sept 30, the commercial landlord posted a distribution per unit of 2.32 Singapore cents, up from 2.27 cents a year earlier. Gross revenue rose 1.9 per cent to S$112 million, while net property income added 1.7 per cent to S$87.7 million. Income available for distribution was also consequently 1.9 per cent higher year on year at S$66.8 million.