SUBSCRIBERS

Mapletree Commercial Trust's DPU up 1% in Q1

It's proposing an offering of 727.7m new units to raise about S$1.02b at least to fund acquisition

Published Tue, Jul 26, 2016 · 09:50 PM

Singapore

AMID a challenging landscape for office and retail property, Mapletree Commercial Trust (MCT) reported a one per cent increase in distribution per unit (DPU) from a year ago to 2.03 Singapore cents in the fiscal first quarter ended June 30.

Gross revenue rose 5.2 per cent to S$73.38 million on the back of positive contributions from VivoCity, Mapletree Anson and PSA Building. Net property income (NPI) increased by 3.7 per cent to S$56.28 million, with NPI margin sustained at a healthy level of 76.7 per cent.