Listed in July 2011, Mapletree Commercial Trust, or MCT (SGX: N2IU), owns a portfolio of Singapore retail and office properties including VivoCity and Mapletree Business Centre. As of 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.
Disclaimer: This is not a sponsored post. Opinions expressed in the article should not be taken as investment advice. Please do your own due diligence.
Source: Mapletree Commercial Trust1. VivoCity: Revenue increased 3.0% year-on-year to S$212.9 million in 2019, and net property income (NPI) increased by 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.
