SINGAPORE (Nov 3): HSBC Global Research has forecast Mapletree Greater China Commercial Trust (MGCCT) to deliver a FY16E dividend yield of 7.3%, underpinned by a “steady” performance of its assets.

HSBC says the outlook of the FY16E rental growth at Festival Walk (FW), where MGCCT’s assets are located, are “well locked in”.

It notes FW has 98% of FY16E expiring retail leases committed and it has achieved an average 20% rental uplift as at Sept 2015.

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