Basic Profile & Key Statistics Mapletree Commercial Trust (MCT) invests in both office and retail properties in Singapore. Lease Profile Occupancy is high at 98.2%. WALE is short at 2.6 years where the highest lease expiry of 25.8% falls in FY21/22. Weighted average land lease expiry is slightly long at 76.66 years. Debt Profile Gearing ratio, cost of debt, and fixed rate debt are slightly low at 33.7%, 2.6%, and 73.5% respectively. 100% of its debt is unsecured. Interest cover is healthy at 4.1 times. WADE is long at 3.9 years where highest debt maturity of 15% falls in FY22/23. Diversification Profile MCT is not diversified in terms of geographical and property. Top geographical and top property contribute 100% and 39.9% respectively. MCT is, however, diversified in terms of tenants, top tenant and top 10 tenants contribute 8.5% and 27.1% respectively. Key Financial Metrics Property yield and distribution on capital are low at 4.3% and 2.9% respectively. Management fee is not competitive in which shareholders receive S$6.45 for every dollar paid. Distribution margin of 47.5% is  ...