Basic Profile & Key Statistics Mapletree Commercial Trust (MCT) invests in both office and retail properties and currently owns 5 properties in Singapore. 
Quarter Performance Review Gross revenue and net property income dropped by 2.5% YoY and 2.6% YoY respectively, while income available for distribution dropped by 7.9%. MBC II which was acquired in Nov 2019 has cushioned the dropped caused by COVID-19 situation. DPU dropped by 9.9% after the release of S$15 million retention and there is S$ 28.7 million retention left. Without the release of retention, DPU would be 3.72 cents, which dropped 19.7% YoY.
For MCT flagship property - VivoCity, its traffic dropped by 64.6% and tenants' sales dropped by 41.5%. The 2Q performance is improved after the Singapore phase 2 opening.

Lease Profile

Committed occupancy is high at 97.7%. WALE is short at 2.5 years where the highest lease expiry...