I consider this as one gem I have in my stock portfolio. Mapletree Commercial Trust currently makes up 10% of my stock portfolio. On 23rd April 2019, Mapletree Commercial Trust announced their 4QFY18/19 financial results. 4Q FY18/19 gross revenue and Net Property Income (NPI) grew 3.7% and 3.9% respectively. Income available for distribution was up 3.1%.

Here are the 4QFY18/19 financial results compared with 4QFY17/18.

4QFY18/19
(S$’000) 4QFY17/18
(S$’000) Change Gross Revenue 112,899 108,880 3.7% Net Property Income 87,560 84,285 3.9% Distributable Income 66,861 64,839 3.1% Distribution Per Unit (“DPU”) (cents) 2.31 2.27 1.8%

All financial results are positive!

Here are the full year FY18/19 financial results compared with FY17/18.

FY18/19
(S$’000) FY17/18
(S$’000) Change Gross Revenue 443,893 433,525 2.4% Net Property Income 347,627 338,845 2.6% Distributable Income 264,027 260,359 1.4% Distribution Per Unit (“DPU”) (cents) 9.14 9.04 1.1% Debt

As of 31st March 2019, the gearing ratio stood at 33.1%.