Mapletree Commercial Trust reported a distribution per unit of 1.953 cents for its fourth quarter ended March. This is 12.4% higher than the DPU of 1.737 cents declared a year ago.
The distribution will be paid on June 5.
Gross revenue rose 12.9% to $68.6 million as a result of positive contributions from VivoCity, PSA Building and full-year contribution from Mapletree Anson, following its acquisition last February.
Net property income rose 15.2% to $50.8 million.