Mapletree Greater China REIT sees 5.1% rise in 3Q DPU, sets sights on Japan


Mapletree Greater China Commercial Trust has reported a higher distribution per unit (DPU) for its 3Q FY 17/18, but the mixed commercial REIT is also seeing its third consecutive quarter of declining overall portfolio occupancies for the period.

The REIT’s DPU came in at 1.868 Singapore cents for the quarter, an increase of 5.1% over the 1.778 cents achieved in the corresponding period of the previous financial year.

Gross revenue rose marginally by 0.7% year-on-year to SGD88.4 million (USD67.6 million) but net property income (NPI) remained flat at SGD71.4 million.

The REIT has attributed the higher DPU to lower translated average cost of debt post re-financing, and realised foreign exchange gain.

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