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.
- VivoCity recorded stable ...
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