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Mapletree Commercial Trust's FY2022 DPU rose marginally

Goola Warden
Goola Warden4/20/2022 07:19 PM GMT+08  • 3 min read
Mapletree Commercial Trust's FY2022 DPU rose marginally
VivoCity, a dominant mall on the Southern Waterfront, pre-Omicron / The Edge Singapore
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Mapletree Commercial Trust, in what is likely its final year as a pure-play Singapore REIT, has reported revenue and net property income growth of 4.3% and 3.1% respectively for its FY2022 ended March 31 2022.

MCT is trying to merge with its sister REIT Mapletree North Asia Commercial Trust, has reported income available for distribution of $301.2 million, up 5.1% y-o-y.

Including cash of $15.7 million retained in 4QFY2020, distribution per unit (DPU) in FY2022 rose 0.4% to 9.53 cents. For 2HFY2022, distribution will be 5.14 cents.

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