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Mapletree Commercial Trust Declares DPU of 2.31 cents for 4QFY18/19
By My Sweet Retirement  •  May 13, 2019

I consider this as one gem I have in my stock portfolio. Mapletree Commercial Trust currently makes up 10% of my stock portfolio. On 23rd April 2019, Mapletree Commercial Trust announced their 4QFY18/19 financial results. 4Q FY18/19 gross revenue and Net Property Income (NPI) grew 3.7% and 3.9% respectively. Income available for distribution was up 3.1%.

Here are the 4QFY18/19 financial results compared with 4QFY17/18.

4QFY18/19
(S$’000) 4QFY17/18
(S$’000) Change Gross Revenue 112,899 108,880 3.7% Net Property Income 87,560 84,285 3.9% Distributable Income 66,861 64,839 3.1% Distribution Per Unit (“DPU”) (cents) 2.31 2.27 1.8%

All financial results are positive!

Here are the full year FY18/19 financial results compared with FY17/18.

FY18/19
(S$’000) FY17/18
(S$’000) Change Gross Revenue 443,893 433,525 2.4% Net Property Income 347,627 338,845 2.6% Distributable Income 264,027 260,359 1.4% Distribution Per Unit (“DPU”) (cents) 9.14 9.04 1.1% Debt

As of 31st March 2019, the gearing ratio stood at 33.1%.

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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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