MMP REIT has reported a seven per cent gain to S$14.6 million in its third quarter distribution income, which translates to a distribution per unit of 1.54 Singapore cents. Revenue was up 16.5 per cent to S$26 million, thanks to contributions from the new overseas acquisitions in Japan and China. Strong demand for retail and office space and the resulting higher rental rates in Singapore also helped.
Macquarie MEAG Prime Real Estate Investment Trust (MMP REIT), the manager of REIT, Macquarie Pacific Star, said it is exploring ways to buy back units of the trust.
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