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Analysts like Mapletree Commercial Trust for its all rounded FY19 performance

Broker's Calls

Analysts like Mapletree Commercial Trust for its all rounded FY19 performance

Samantha Chiew Published on Thu, Apr 25, 2019 / 3:04 PM GMT+8

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SINGAPORE (Apr 25): Analysts are mostly keeping neutral after Mapletree Commercial Trust (MCT) yesterday announced that its 4Q19 DPU has increased by 1.8% to 2.31 cents from 2.27 cents in 4Q18, bringing FY19 DPU to 9.14 cents, 1.1% higher y-o-y.

Gross revenue was 3.7% higher at $112.9 million from $108.9 million a year ago, driven largely by higher contribution from VivoCity, PSA Building and Bank of America Merrill Lynch HarbourFront (MLHF). Net property income (NPI) was $87.6 million, 3.9% higher than $84.3 million last year.

See: Mapletree Commercial Trust posts 1.8% increase in 4Q DPU to 2.31 cents