Mapletree Commercial Trust Reports 18.6% Full Year DPU Rise
April 28, 2021 – Mapletree Commercial Trust reported that its full year 2020/2021 distribution per unit (DPU) hit 9.49 Singapore cents, up from the previous year’s 8 Singapore cents.
Ms Sharon Lim, Chief Executive Officer of the Manager, said, “FY20/21 was an extraordinary year for everyone as the COVID-19 pandemic precipitated a host of challenges that still persist today. Notwithstanding, we continued our approach in managing MCT proactively and nimbly.”
“With a view to safeguard the long-term health of the retail sector, we provided meaningful assistance to eligible retail tenants to weather the headwinds. Although our full year financial performance was dampened by the COVID-19 rental rebates, MBC II’s maiden full year contribution helped to cushion against the impact.”
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