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.
Missing out on information beyond mainstream media reports?
Login or sign-up for a free 25-day trial here.
Full access to all editorial materials
Unlimited access to our seminars and classes
Site visit activities