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.