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.
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