Mapletree Greater China Commercial Trust (MGCCT) has recently announced its 1H FY17/18 earnings.

We take a look at its results to assess if MGCCT is a worthy candidate as an income play of any investor’s portfolio/.

Distribution Income

Income Available for Distribution is 7.1% higher at $49m for 2Q. As for first half 17/18, it increased by 4.1% to $104m.

Quarterly Distribution per Unit (DPU) increased by 5.8% over last year to 1.868c. For the first half of year 17/18, DPU increased by 2.9% to 3.714c. Do note that MGCCT’s distribution occurs on a semi-annual basis.

The increase in Income Available for Distribution is due to the higher rental rates for all 3 assets.

Source: MGCCT 1H FY17/18 Earnings Presentation


2Q revenue stood at $88m, a 6.1% year-on-year rise. As for 1H 17/18, revenue showed a similar rise to $177m, a 5….