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MNACT reports 4.1% higher NPI in 1QFY2022/2023

Felicia Tan
Felicia Tan7/21/2022 10:45 PM GMT+08  • 4 min read
MNACT reports 4.1% higher NPI in 1QFY2022/2023
MNACT's Festival Walk in Hong Kong. Photo: MNACT
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The manager of Mapletree North Asia Commercial Trust (MNACT) has reported a net property income (NPI) of $81.5 million for the 1QFY2022/2023 ended June, 4.1% higher than the NPI of $78.3 million in the corresponding year before.

Gross revenue for the quarter increased by 1.6% y-o-y to $104.7 million.

The higher NPI was said to be largely driven by the full-quarter contribution from Hewlett-Packard Japan Headquarters Building (HPB). The building was acquired on June 18, 2021.

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