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MCT reports net property income of $291.3 mil for 9MFY2021, 5.6% up

Felicia Tan
Felicia Tan1/26/2022 11:14 PM GMT+08  • 3 min read
MCT reports net property income of $291.3 mil for 9MFY2021, 5.6% up
Units in MCT closed 1 cent higher or 0.55% up at $1.84 on Jan 26.
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The manager of Mapletree Commercial Trust (MCT) has reported gross revenue of $374.0 million for the 9MFY2021 ended December, 7.3% higher than gross revenue of $348.7 million in the year before.

During the period, MCT’s net property income (NPI) increased 5.6% y-o-y to $291.3 million.

The growth for both figures was attributable to the lower rental rebates given to MCT’s tenants, as well as higher compensation received from lease pre-terminations.

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