Mapletree Commercial Trust Q1 DPU up 3.6% to 2.31 S cents.
MAPLETREE Commercial Trust on Thursday posted a 3.6 per cent year-on-year increase in distribution per unit to 2.31 Singapore cents for the first quarter ended June 30.
Gross revenue edged up 3.3 per cent year-on-year to S$112.13 million on the back of higher contributions from all properties except Mapletree Anson. Net property income rose 2.8 per cent to S$88.35 million, while income available for distribution in the quarter under review was up 4.1 per cent at S$67.25 million.VivoCity saw 5.2 per cent and 4.2 per cent growth in gross revenue and NPI respectively for 1Q FY19/20, the trust highlighted.
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