DPU was higher despite the depreciation of the HKD versus SGD, largely on the back of maiden contribution from the recently acquired Japan office portfolio as well as growth in income from Gateway Plaza and SandHill Plaza. These factors also resulted in 1Q19 revenue and NPI jumping 6.2%% and 6.7% y-o-y respectively.
SINGAPORE (Aug 1): Mapletree North Asia Commercial Trust (MNACT), formerly known as Mapletree Greater China Commercial Trust, delivered 1Q19 DPU of 1.881 cents, up 1.6% y-o-y. This represents 25% of DBS’s FY19F DPU and is in line with the latter’s expectations.
Mapletree North Asia Commercial Trust reports 1.6% higher 1Q DPU of 1.881 cents
