The higher NPI was said to be largely driven by the full-quarter contribution from Hewlett-Packard Japan Headquarters Building (HPB). The building was acquired on June 18, 2021.
The manager of Mapletree North Asia Commercial Trust (MNACT) has reported a net property income (NPI) of $81.5 million for the 1QFY2022/2023 ended June, 4.1% higher than the NPI of $78.3 million in the corresponding year before.
Gross revenue for the quarter increased by 1.6% y-o-y to $104.7 million.
