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Mapletree Commercial Trust: DPU For Full Year Up 4.9% To S$0.0904.

24 Apr 2018 17:23

Gross revenue and net property income for 4Q FY17/18 grew 1.3% and 1.2% respectively from 4Q FY16/17, driven by higher contribution from VivoCity, Mapletree Business City and Merrill Lynch HarbourFront. Distribution per unit for 4Q FY17/18 grew 0.4% to 2.27 Singapore cents, bringing FY17/18 DPU to 9.04 Singapore cents, up 4.9%. Total valuation of investment properties rose 5.4% to S$6.7 bil, NAV per unit up 8.0% to S$1.49. VivoCity achieved record S$958.2 mil of sales in FY17/18, up 0.7% from the previous year. Level 3 and Basement 1 AEI making good progress. Additional 24,000 square feet of retail space on Basement 1 of VivoCity has been fully committed. VivoCity to accommodate Zara's largest concept store in Singapore by 1Q FY18/19. Issued S$120.0 million Baa1-rated Fixed Rate Notes due 2024 at 3.28% p.a. for refinancing...

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Source: ShareInvestor Express