Mapletree Commercial Trust sees 2Q DPU grow 1.5% to 2.05 cents

SINGAPORE (Oct 26): The manager of Mapletree Commercial Trust has declared a 2.05 cents distribution per unit (DPU) in 2Q, 1.5% higher compared to a year ago.

Revenue for the quarter to Sept rose 23.6% to $88.1 million from higher contributions from VivoCity, Mapletree Anson and PSA Building, as well as new contribution from Mapletree Business City Phase 1 that was acquired in August.

Revenue from Vivocity rose by $2.5 million while revenue from PSA Building rose by $0.5 million from new and renewed leases and step-up rents in existing leases. Mapletree Anson’s rental revenue also rose by $1.2 million from higher occupancy.

---

Related Stories

• Sri Trang Gloves posts net loss for 3QFY2024 on rapid appreciation of baht
• Multi-Chem's 3QFY2024 earnings down 23% y-oy to $7.1 mil
• Old Chang Kee posts earnings of $6.2 mil in 1HFY2025, up 42.3% y-o-y on higher sales and lower costs

---