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%!

2Q FY17/18
(S$’000)
2Q FY16/17
(S$’000)
YoY(%)
Gross Revenue 107,210 88,082 21.7
Net Property Income 84,424 68,414 23.4
Distributable Amount 64,691 53,654 20.6
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.

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