Shares & Derivatives
MGCCT 4Q DPU up 10.4% at 1.923 cents
By Singapore Stock Investment to Financial Freedom (SSIFF)  •  April 28, 2016
Mapletree Greater China Commercial Trust posted their 4Q FY 15/16 earning report in summary below.
  •  Available Distribution per Unit (DPU) for 4Q FY 15/16 of 1.923 cents, 10.4% higher than the corresponding quarter a year ago
  • FY 15/16 DPU increased 10.8% year on year
  • Gross revenue grew 15.2% to $87.8 million
  • Net Profit Income (NPI) rose 17.3% to $73 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 37% from Festival Walk and 25% from Gateway Plaza. 94% of the portfolio leases due for expiry in FY 15/16 had renewed. MGCCT have also been consistent growth in Distributable Income and DPU since IPO. Today closing price at 99 cents give you an annualised distribution yield of 7.35% which is very attractive to ......
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By Singapore Stock Investment to Financial Freedom (SSIFF)
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