All around Singapore, we have seen a marked recovery in retail footfall, which was decimated during the circuit breaker measures in April and May. As more social distancing restrictions are relaxed, shopping malls should expect to welcome back more shoppers. VivoCity is Singapore’s largest shopping mall and should benefit from the continued recovery of shopper traffic. The mall’s manager, Mapletree Commercial Trust (SGX: N2IU), or MCT, also owns commercial properties. MCT’s commercial property portfolio consists of Mapletree Business City (MBC), PSA Building, Mapletree Anson and Bank of America Merrill Lynch HarbourFront (MLHF). The REIT has released its earnings report for its fiscal 2020/2021’s first half ended 30 September 2020, and here are four key points for investors to take note. Slight decline in net property income MCT reported that net property income (NPI) for the fiscal 2020/2021 first half had declined 2.6% year-on-year, from S$176.1 million to S$171.5 million....