Mapletree Commercial Trust announces its results for 2QFY15 on 21st October 2015. The Distribution per Unit (“DPU”) for 2Q FY15/16 went up 2.5% to 2.02 cents and Net Property Income (“NPI”) for 2Q FY15/16 grew 5.1%.
VivoCity tenant sales for 2Q FY15/16 went up 5.5% to more than S$225 million for the quarter. If you did not know, VivoCity has launched new retail space at basement one from 15 April 2015 which has probably has contributed to the increase in tenant sales. Nine retailers occupy the new retail space at Basement 1. Two of which are new-to-market retailers: American Eagle Outfitters, a US apparel brand, and Weekends, a multi-brand lifestyle retailer.