Today, Mapletree Commercial Trust released results for Q3 2011. MCT is 12% of my Singapore stock portfolio, a rather large holding. MCT released fantastic results, beating forecasts and exceeding expectations. Mapletree Commercial Trust is a hybrid REIT with Vivocity, PSA building and Alexandra Retail Center as its core assets.
Mapletree Commercial Trust Q3 2011 Financial Results
Q3 Revenue beat forecasts by 4.4% at $49.7 mil
Q3 Distributable Income beat forecasts by 15.5% at $26.6 mil
Q3 DPU beat forecasts by 15.5% at 1.428 cents
YTD Q3 Revenue beat forecasts by 1.9% at $127.4 mil
YTD Q3 Distributable Income beat forecasts by 11.5% at $69.2 mil
YTD Q3 DPU beat forecasts by 11.5% at 3.717 cents
Mapletree Commercial Trust Q3 2011 Operational Results
MCT portfolio occupancy rate stands at 94.7%, with the biggest asset Vivocity at 99....
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