Companies & Markets

MCT's Q2 DPU up 1.3% as gross revenue, net property income rise

Flagship property VivoCity will see NTUC FairPrice replace Giant as one of its anchor tenants by FY19/20

Nisha Ramchandani

Published Wed, Oct 24, 2018 · 09:50 PM

mapletree commercial trust

Singapore

BOLSTERED by higher contributions from VivoCity, Mapletree Business City I and Bank of America Merrill Lynch HarbourFront, Mapletree Commercial Trust's (MCT) second-quarter distribution per unit (DPU) was 1.3 per cent higher at 2.27 Singapore cents compared to a year ago.

Gross revenue for the three months ended Sept 30 rose 2.5 per cent to S$109.92 million, while net property income (NPI) was up 2.2 per cent to S$86.26 million. Income available for distribution increased 1.3 per cent to S$65.56 million. As at Sept 30, the committed occupancy of the portfolio was 98.7 per cent.

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