Singapore-listed commercial REIT Mapletree Commercial Trust (MCT) (SGX:N2IU) reported in a full year distribution per unit (DPU) of 7.372 Singapore cents for its FY13/14.

This is a 13.6% increase over the previous year. The final distribution for its 4Q 13/14 came in at 1.953 Singapore cents, an increase of 12.4% from the corresponding period last financial year.

The results come on the back of a portfolio gross revenue and net property income growth of 21.7% and 25.2% respectively.

The REIT has issued a statement to congratulate it's tenants at VivoCity in particular for strong growth in sales, setting a new high of more than SGD900 million for the year.

The mall attracted about 54 million footfalls for the period and contributed significantly to the REIT's performance for the financial year. Gross revenue and net property income for the mall alone grew 8.9% and 11.1% respectively.

The REIT's acquisition of Mapletree Anson has also contributed to higher yields for unit holders delivering an accretion of 1.3%. It's PSA Building property remains fully tenanted.

Units of MCT are currently trading on the Singapore exchange at SGD1.25.