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

Data from Mapletree Commercial Trust’s latest disclosure is in the Singapore REITs table.

Mapletree Commercial Trust reported on 20 April that its gross revenue and NPI for FY21/22 grew 4.3% and 3.1% respectively.

This was due to higher revenue from all properties except Mapletree Anson, which experienced transitional vacancy.

Consequently, FY21/22 income available for distribution rose by 5.1% to SGD301.2 million.

As the uncertainties associated with COVID-19 have moderated further, the remaining SGD15.7 million of cash retained in 4Q FY19/20 will be released as distributions, said MCT.

As such, FY21/22 DPU amounted to 9.53 Singapore cents, which is up marginally by 0.4% on a year-on-year.

Excluding the release of retained cash, FY21/22 DPU is up 4.7% as compared to FY20/21.

MCT was last done on the Singapore Exchange at SGD1.87, which presently implies a distribution yield of 5.1% according to data on the Singapore REITs table.

Related: Mapletree Commercial Trust sees SGD8.6 million rout in institutional funds

By Shariffa Al-Habshee

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