If you have followed my blog, you will know that I increased my stake in Mapletree Commercial Trust to 12% of my stock portfolio last year.
As Mapletree Commercial Trust has released their third quarter FY17/18 financial results recently, I am writing this post to do a quick check on overall performance. Overall, I am very pleased with their financial results especially that they have achieved a DPU growth of 0.9%. The manager reported higher revenue due to higher contribution from VivoCity and Mapletree Business City I (“MBC I”).
Here are the 3QFY17/18 financial results compared with 3QFY16/17.
|Net Property Income||85,955||84,360||1.9%|
|Distribution Per Unit (“DPU”) (cents)||2.30||2.28||0.9%|
If we compare the results year to date, I personally think the financial results are stellar. …