MGCCT beats own income prediction for Q4

MAPLETREE Greater China Commercial Trust (MGCCT) said distributable income per unit rose to 1.587 cents in the fiscal fourth quarter, beating its own forecast by 15.9 per cent.

The real estate investment trust plans to distribute 3.099 cents per unit, or its entire distributable profit for its second half. That would bring its full-year payout to 6.265 cents per unit.

MGCCT's full-year distribution yield is 6.7 per cent, based on its closing share price of 87 cents on Monday.