Mapletree Com Tr Company profile
About Mapletree Commercial Trust
Mapletree Commercial Trust is a Singapore-based real estate investment trust (REIT). The Company's investment objective is to invest in a long-term basis, directly or indirectly, in a diversified portfolio of income-producing real estate used primarily for office and/or retail purposes, whether wholly or partially, as well as real estate-related assets. The Company's portfolio includes five properties in Singapore, such as VivoCity, a mall located in the HarbourFront Precinct ; Mapletree Business City (MBC), an integrated office and business park and retail complex with Grade A building specifications, located in the Alexandra Precinct; mTower, a 40-storey office block and a three-storey retail center known as the Alexandra Retail Centre (ARC), located in the Alexandra Precinct; Mapletree Anson, a 19-storey office building located in Singapore's Central Business District, and Bank of America Merrill Lynch HarbourFront (MLHF), an office building located in the HarbourFront Precinct.
Financial summary
BRIEF: For the six months ended 30 September 2021, Mapletree Commercial Trust revenues increased 11% to SP$243.7M. Net income totaled SP$175.3M vs. loss of SP$92M. Revenues reflect MBC I segment increase of 69% to SP$107.5M, VivoCity segment increase of 28% to SP$83.1M. Net Income reflects FV Adjustments on Investment Property decrease from SP$203.9M (expense) to SP$41.9M (income), Finance expenses decrease of 9% to SP$36.8M (expense).
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