SINGAPORE (Apr 25): Analysts are mostly keeping neutral after Mapletree Commercial Trust (MCT) yesterday announced that its 4Q19 DPU has increased by 1.8% to 2.31 cents from 2.27 cents in 4Q18, bringing FY19 DPU to 9.14 cents, 1.1% higher y-o-y.

Gross revenue was 3.7% higher at $112.9 million from $108.9 million a year ago, driven largely by higher contribution from VivoCity, PSA Building and Bank of America Merrill Lynch HarbourFront (MLHF). Net property income (NPI) was $87.6 million, 3.9% higher than $84.3 million last year.

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