SINGAPORE (Jan 25): The manager of Mapletree Greater China Commercial Trust Management announced that Mapletree Greater China Commercial Trust’s (MGCCT) 3Q17/18 DPU increased by 5.1% to 1.868 cents compared to 1.778 cents in 3Q16/17, bringing 9M17/18 DPU to 5.582 cents.
In 3Q17/18, gross revenue increased 0.7% to $88.5 million from $87.8 million last year, mainly due to revenue growth from the all three of the trust’s properties due to higher rent and lower accrued revenue for Gateway Plaza due to the uncertainty in the applicable VAT rate prior to obtaining clarification in March 2017.
This was however offset by lower average rate of HKD and RMB against SGD.
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