Home Capital Results

MNACT posts 14.9% increase in 9MFY2022 NPI to $247.4 mil

Samantha Chiew
Samantha Chiew1/27/2022 08:37 PM GMT+08  • 2 min read
MNACT posts 14.9% increase in 9MFY2022 NPI to $247.4 mil
MNACT posts 14.9% increase in 9M NPI to $247.4 mil.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

In its 9MFY2022 ended December 2021 business update, Mapletree North Asia Commercial Trust (MNACT) announced that its net property income (NPI) has increased by 14.9% y-o-y to $247.4 million from $215.4 million.

This is on the back of a 12.8% increase in gross revenue to $328.0 million from $290.8 million.

The growth was mainly y due to the lower rental reliefs of S$4.7 million granted to retail tenants at Festival Walk during the period and the contribution from the Hewlett-Packard Japan Headquarters Building acquired on June 18, 2021.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now