Shares & Derivatives
MGCCT 3Q DPU up 11.6% at 1.854 cents
By Singapore Stock Investment to Financial Freedom (SSIFF)  •  January 30, 2016
Mapletree Greater China Commercial Trust posted their 3Q FY 15/16 earning report in summary below.
  •  Available Distribution per Unit (DPU) for 3Q FY 15/16 of 1.854 cents, 11.6% higher than the corresponding quarter a year ago
  • Gross revenue grew 19.8% to $88.2 million
  • Net Profit Income (NPI) rose 22.3% to $72.5 million
The growth in revenue and NPI was mainly due to the acquisition of Sandhill Plaza and steady contribution from Festival Walk and Gateway Plaza. There is rental uplifts of 42% from Festival Walk and 29% from Gateway Plaza. They have achieved a high portfolio occupancy of 98.7% and have renewed or replaced 92% of the portfolio leases due for expiry in FY 15/16. MGCCT has also been consistent growth in Distributable Income and DPU since IPO in 7th March 2013. Today closing price at 84 cents give you an annualised distribution ......
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By Singapore Stock Investment to Financial Freedom (SSIFF)
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