Mapletree Greater China Commercial Trust’s 1H DPU rises 3.2% to 3.61 cents

SINGAPORE (Oct 27): Mapletree Greater China Commercial Trust (MGCCT) has announced a Distribution Per Unit (DPU) of 3.61 cents for the 1H ended Sept, 3.2% higher than a year ago.

Gross revenue for the half year rose 4.6% to US$168.0 million while Net Property Income rose 3.6% to $136.7 million. Distributable income rose 4.6% to $100.3 million.

2HFY17 saw increases across the board mainly due to contribution from Sandhill Plaza and the resilience of Festival Walk’s performance, according to Cindy Chow, chief executive officer of the manager.

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