Mapletree Commercial Trust's Mapletree Business City. (Photo: Mapletree Commercial Trust)

Mapletree Commercial Trust (MCT) has reported nil year-on-year growth in its distribution per unit (DPU), which came in at 2.23 Singapore cents, for its 1Q FY18/19.

The REIT, which operates the mega shopping mall VivoCity, and four office properties, has also reported falling occupancies and tenant sales at selected properties.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.