Mapletree Commercial Trust's Q2 distribution per unit rises 16.5% to 1.801 cents

MAPLETREE Commercial Trust's (MCT) second-quarter distribution rose by 16.5 per cent from the same period last year, boosted by brighter revenues and incomes at its properties.

The trust's manager said in a statement that distribution per unit for the three months ended Sept 30 is 1.801 cents, representing 100 per cent of income available for distribution.

Unit-holders are set to be paid on Dec 4.

Gross revenue grew 27.1 per cent year on year to $65.8 million. MCT said this was the result of positive contributions from all its properties and a new revenue stream from Mapletree Anson of $8 million following its acquisition on Feb 4.

Net property income came in 31.4 per cent brighter at $47.9 million.

MCT's portfolio comprises VivoCity, Bank of America Merrill Lynch HarbourFront, PSA Building and Mapletree Anson.