MGCCT Achieves 12.6% DPU Growth for 2Q FY15/16 vs 2Q FY14/15
Available Distribution per Unit (“DPU”) for 2Q FY15/16 increased by 12.6% to 1.808 cents,
from 1.606 cents for 2Q FY14/15
Boosted by healthy rental reversions from Festival Walk and Gateway Plaza, and new
contribution from Sandhill Plaza
Strong leasing demand with 81% of the expired/expiring leases1
in FY15/16 committed
Agreed, it's not a bad counter.
By the way, Kep DC Reit just acquired another DC in Frankfurt. Still under construction, but will be yield accretive immediately as they will be receiving coupons while it's slowly being developed, for those who are interested.
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