OCBC downgrades Mapletree Commercial Trust to ‘Sell’


OCBC Investment Research has downgraded Mapletree Commercial Trust (MCT) to ‘Sell’.

The downgrade in recommendation has come in the wake of the REIT’s 1Q FY201 results.

MCT reported a 3.6% year-on-year growth in its distribution per unit (DPU), which came in at 2.31 Singapore cents.

The REIT also saw positive rental reversions of 7.3% for its retail segment.

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