This post was originally posted here. The writer, Lim Jun Yuan is a veteran community member and blogger on InvestingNote, with a username known as @ljunyuan and has 1429 followers.

Aftermarket hours yesterday (29 Oct 2020), another Mapletree REIT in my long-term investment portfolio (in Mapletree North Asia Commercial Trust – SGX:RW0U) released its financial results for the first half of the financial year 2020/21 (the REIT has a financial year-end every 31 March.)

In this post, you will find the good and the bad (along with my personal opinions to share) about the REIT’s latest set of financial results, debt and portfolio occupancy profile, as well as distribution payouts.

Let’s get started…

Financial Results (1H FY2019/20 vs. 1H FY2020/21 and Q2 FY2019/20 vs. Q2 FY2020/21)

In this section, I will be looking at the REIT’s latest financial results on a year-on-year (y-o-y) basis,