MCT – BT

MCT's Q4 DPU of 1.55 cts beats forecast

Mapletree Commercial Trust (MCT) posted a distribution per unit (DPU) of 1.55 cents for the fourth quarter ended March, beating its forecast of 1.31 cents by 18.4 per cent.

This translates to an annualised yield of 7.0 per cent, based on MCT's closing price of 89.5 cents on April 25.

MCT said the books closure date will be on May 7, and unitholders can expect to receive their distribution on May 30.

The trust was listed on 27 April 27 last year.