Recently, I mentioned that I have sold off SoilBuild Business Space REIT and reinvested the cash into another stock. One of the stock is Mapletree Commercial Trust. If you notice, I already own Mapletree Commercial Trust in my stock portfolio. I am only increasing my stake on it.
Why did I buy into Mapletree Commercial Trust? One of the reason is the excellent 2Q FY17/18 financial results that Mapletree Commercial Trust has released recently. While other REITs suffer from either flat DPU or declining DPU, Mapletree Commercial Trust achieved a DPU increase of 9.3%!
|Net Property Income||84,424||68,414||23.4|
|Distribution Per Unit (“DPU”) (cents)||2.24||2.05||9.3|
There are many positive points I noted from the latest presentation of the financial results.
- VivoCity recorded stable …