Mapletree Commercial Trust's Q3 distributable income rises by 24.2%
Published on Jan 22, 2014 8:55 PM
Mapletree Commercial Trust has achieved a 24.2 per cent rise in distributable income to $38.7 million for the third quarter.
Its distribution per unit for the three months to Dec 31 increased by 11.9 per cent to 1.865 cents.
Gross revenue climbed by 22.4 per cent to $68.4 million while net property income grew by 24.9 per cent to $49.4 million.
"We are pleased that we delivered another quarter of strong performance from all our assets," said Ms Amy Ng, chief executive officer of the trust manager.
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