Mapletree Commercial Trust's net property income grew 4.6% to $53.2m in Q4

On back of lower costs.

Mapletree Commercial Trust reported that its net property income grew 4.6% year-on-year to $53.2m in the fourth quarter.

NPI rose on back lower costs across its portfolio, with operating expenses slipping 1.6% despite higher property taxes.

MCT recorded a DPU of 8.0 cents for FY14/15, an increase of 8.5% against FY13/14 4 . For 4Q FY14/15, MCT’s DPU was 2.0 cents, which is 2.4% higher than 4Q FY13/145 .

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