The manager of Mapletree North Asia Commercial Trust (MNACT) has reported gross revenue of $100.7 million for the 3QFY2020/2021 ended December, 49.7% higher than gross revenue of $67.3 million in 3QFY20219/2020.

The higher figure was mainly attributable to the lower base in the year before, where there was no rental collection in 3QFY2019/2020 during the temporary closure of Festival Walk mall from Nov 13, 2019 to Jan 15, 2020, and its office tower from Nov 13 to 25, 2019.

Net property income (NPI) for the quarter stood 49% higher y-o-y to $75.7 million.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook