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12 things I learned from Mapletree Commercial Trust’s FY2016 AGM
By The Fifth Person  •  August 2, 2016

Many people are familiar with Sentosa and the shopping mall that links directly with the island resort – VivoCity. The mall is the largest in Singapore and enjoys a huge amount of shopper traffic from Singaporeans and tourists alike.

Mapletree Commercial Trust (SGX: N2IU) (MCT) is the REIT that owns VivoCity along with three office properties located in and around Singapore’s central business district. MCT is one of the better-performing REITs in my stock portfolio and I attended its annual general meeting to find out how the management plans to maintain MCT’s growth in the year ahead.

Here are 12 things I learned from Mapletree Commercial Trust’s FY2016 AGM:

  • Gross revenue increased 1.9% year-on-year to $287.8 million. VivoCity was the main contributor accounting for 66.4% of gross revenue. Net property income (NPI) increased 4.4% to $220.7 million year-on-year respectively. Again, VivoCity was the main driver ...
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By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
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