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

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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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.