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.

3QFY17/18
(S$’000)
3QFY16/17
(S$’000)
Change
Gross Revenue 109,669 108,761 0.8%
Net Property Income 85,955 84,360 1.9%
Distributable Income 66,454 65,586 1.3%
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.