Mapletree Commercial Trust DPU Up 5.3% in H1 2021
October 28, 2021 – Mapletree Commercial Trust reported that its distribution per unit of DPU was up 5.3% year-on-year to 4.39 Singapore cents for the first half of its fiscal year 2021/2022.
The REIT also reported that its gross revenue and net property income (NPI) rose 11.5% and 10.7% respectively on a year- on-year basis.
This was mainly due to lower rental rebates compared to a year ago, as well as compensation received from a pre-terminated lease at mTower.
Ms Sharon Lim, Chief Executive Officer of the Manager, said, “We continued to deliver sustained performance in 1H FY21/22 despite protracted COVID-19 restrictions as the Government steers Singapore towards a new endemic normal. Although there were in total close to eight weeks cessation of dining-in at all F&B establishments during 1H FY21/22, the overall impact was less severe than a year ago.”
“That said, we continued to provide rental assistance with a view to protect the sector’s long-term viability. During the reporting period, we rendered rebates amounting to approximately 1.1 months of fixed rents to eligible retail tenants.”
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