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Mapletree Commercial Trust: 3Q FY18/19 Net Property Income Grew 2.2% Year-On-Year, DPU Up 1.3% To S$0.0233.

23 Jan 2019 17:40

Gross revenue and net property income for 3Q FY18/19 grew 2.6% and 2.2% respectively from 3Q FY17/18, largely driven by higher year-on-year contribution from VivoCity. Distribution per unit for 3Q FY18/19 grew 1.3% to 2.33 Singapore cents. Transitory impact on VivoCity's tenant sales mainly due to asset enhancement initiative and rigorous management of tenant mix. Momentum to pick up once the changes are completed. Singapore's largest shopping mall library, library@harbourfront in VivoCity, was officially opened on 12 January 2019, marking the successful completion of the major AEI that also extended Basement 1 by 24,000 square feet...

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Source: ShareInvestor Express