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Revenue from VivoCity, business park boosts Mapletree Reit's Q4

Mall shopper traffic up 9% while income grew due to higher rents

Published Tue, Apr 25, 2017 · 09:50 PM

Singapore

CONTRIBUTIONS from Mapletree Business City I and the VivoCity shopping mall helped to lift results for retail and office space landlord Mapletree Commercial Trust in its fourth quarter.

Distribution per unit rose to 2.26 Singapore cents for Q4 from 2.02 Singapore cents in the preceding year, the group said in a Singapore Exchange filing Tuesday evening. That came as Q4 distributable income jumped 50.4 per cent to S$64.6 million and net property income surged 51.2 per cent to S$83.2 million from the year-ago period.