Listed in July 2011, Mapletree Commercial Trust (MCT) owns a portfolio of Singapore retail and office properties including VivoCity and Mapletree Business Centre. As at 31 March 2019, its portfolio was valued at S$7.0 billion. In this article, I’ll bring an update on MCT’s latest financial results, long-term performance, and valuation.

Here are 12 things to know about Mapletree Commercial Trust before you invest:

1. VivoCity: Revenue increased 3.0% year-on-year to S$212.9 million in 2019, and net property income (NPI) increased 3.6% to S$162.3 million. This was mainly due to step-up rents in existing leases and securing new leases from Zara, Adidas, Fila, Popular Bookstores, Nike, and the National Library Board.

2. Mapletree Business Centre 1 (MBC1): Revenue increased 0.9% year-on-year to S$127.1 million in 2019, and NPI increased 0.4% rise S$104.2 million. Since it was acquired for S$1.78 billion in August 2016,