Mapletree Commercial Trust has reported a distribution per unit of 4.39 cents for 1HFY2021 ended Sept 30, up 5.3% y-o-y. 

During the period, MCT’s gross revenue was $243.7 million, up 11.5% y-o-y, whereas its net property income was $189.9 million, up 10.7% y-o-y, mainly due to lower rental rebates and compensation from a lease pre-termination at mTower.

Sharon Lim, CEO of the REIT manager, notes that during the six months to Sept 30, MCT gave its eligible tenants rebates equivalent to some 1.1 months of fixed rental.

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