Mapletree Commercial Trust’s Annual Report: 11 Surprising Numbers Investors Might Not Want to Miss

Mapletree Commercial Trust  (SGX: N2IU) made its debut on the Singapore stock market in April 2011.

The REIT has come a long way since its initial public offering. From its annual report for its fiscal year ended 31 March 2016 (FY15/16), there were some surprising facts and figures about it. Here are 11 of them that investors might not want to miss:

  1. The REIT’s name has the word “Commercial”, but Mapletree Commercial Trust’s focus is actually around a diversified portfolio of properties that are used primarily for office and retail purposes. The REIT is home to VivoCity, Singapore’s largest mall with over 1 million square feet of nett lettable area (NLA). VivoCity also accounted for 66.4% of Mapletree Commercial Trust’s total gross revenue in FY15/16.
  2. VivoCity attracted a whopping 53.2 million shoppers in FY15/16. The high traffic resulted in higher sales. Tenants in the shopping complex racked up $939.2 million in sales during the fiscal year, up 3.3% from a year ago. It might not be surprising to see tenant sales at VivoCity exceed $1 billion in the coming years.
  3. Mapletree Commercial Trust’s gross revenue has recorded a 10.9% compound annual growth rate (CAGR) since its listing. Net property income did even better with a CAGR of 13.5%. More importantly, this flowed down to the REIT’s distribution per unit which grew at 9.5% per year over the same timeframe.
  4. The nice little run has not gone unnoticed. At the end of FY15/16, investors who stayed on with Mapletree Commercial Trust since its listing would have earned a total return of 100.3%. Appreciation in the REIT’s unit price contributed 60.2% of the total return with the remaining 40.1% coming from the REIT’s distributions.

To find out more, you can check out Mapletree Commercial Trust’s annual report.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Chin Hui Leong does not own shares in any companies mentioned.