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MNACT reports lower full year DPU, but slight improvement for second half

The Edge Singapore
The Edge Singapore4/22/2021 7:17 PM GMT+08  • 2 min read
MNACT reports lower full year DPU, but slight improvement for second half
As of March 31, MNACT’s portfolio of 11 properties are appraised at $7,674.1 million, down 8.1% from the preceding year.
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Mapletree North Asia Commercial Trust has reported a distribution unit for the year ended March 31 2021 of 6.175 cents per unit, down 13.3% from 7.124 cents, due to the impact of the pandemic.

Revenue and net property income for the year was up 10.4% to $391.4 million, and up 5.2% to $292 million respectively, due to contributions from two properties, mBAY POINT Makuhari and Omori Prime Building acquired in Feb 2020.

These two new properties also helped lift DPU slightly by 1.9% to 3.229 cents for the half year ended March 31 2021.

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