MCT's Q4 DPU up 1%

Singapore

MAPLETREE Commercial Trust (MCT) reported a one per cent rise in distribution per unit (DPU) to 2.02 Singapore cents for the fourth quarter ended March 31. For the full fiscal year, its DPU rose 1.6 per cent to 8.13 cents.

Net property income during the quarter rose 3.5 per cent to S$55 million and grew 4.3 per cent to S$220.7 million over the full fiscal year. But the higher net property income was offset by higher net finance expenses and unrealised exchange loss arising from the translation of the medium-term notes dominated in Japanese yen into Singapore dollar.