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'New dawn' for Mapletree Commercial Trust as it replaces HPHT in ST Index

Pauline Wong
Pauline Wong9/9/2019 04:13 PM GMT+08  • 3 min read
'New dawn' for Mapletree Commercial Trust as it replaces HPHT in ST Index
SINGAPORE (Sept 9): Mapletree Commercial Trust (MCT) has earned a spot on the benchmark Straits Times Index (STI), on the back of robust growth numbers as well as steady increase in revenue and shareholder returns.
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SINGAPORE (Sept 9): Mapletree Commercial Trust (MCT) has earned a spot on the benchmark Straits Times Index (STI), on the back of robust growth numbers as well as steady increase in revenue and shareholder returns.

For 1Q19/20 ended June, the REIT reported a 3.6% rise in DPU to 2.31 cents, compared to 2.23 cents in 1Q18/19. Income available for distribution rose 4.1% to $67.2 million, from $64.6 million last year.

As of July this year, MCT was one of the best-performing S-REITs, with total returns of 28.6% in the year to date. Currently, it has a market capitalisation of $6.5 billion.

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