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Analysts largely positive on MCT amid continued recovery from Covid-19

Chloe Lim
Chloe Lim4/26/2022 06:18 PM GMT+08  • 4 min read
Analysts largely positive on MCT amid continued recovery from Covid-19
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Analysts are positive about Mapletree Commercial Trust (MCT), in light of the easing of safe distancing measures this week that stand to improve shopper traffic and tenant sales at VivoCity, as well as physical occupancy at its office and wider business park properties.

MCT has also recently reported its FY2022 ended March results, reporting revenue and net property income (NPI) growth of 4.3% and 3.1% y-o-y to $255.8 million and $198.8 million, respectively.

Distribution per unit (DPU) for MCT in FY2022 rose 0.4% to 9.53 cents including cash of $15.7 million retained in 4QFY2020. DPU came in at 5.14 cents for 2HFY2022.

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