Basic Profile & Key Statistics Mapletree Commercial Trust (MCT) invests in both office and retail properties and currently owns 5 properties in Singapore. 
Performance Review YTD Gross revenue and NPI decreased by 1.9% and 1.2%. The drop from VivoCity is offset by the contribution from MBC II which was acquired in November 2019. Tenant Sales from Oct to Dec has recovered to 85% of pre-Covid level despite shopper traffic is only at 60% of pre-Covid.

Lease Profile

Occupancy is high at 98.1%WALE is short at 2.5 yearsHighest lease expiry within 5 years is moderate at 30.1% which falls in FY24/25 & beyond, without breakdown.Weighted average land lease expiry is slightly long at 76.16 years
Debt Profile Gearing ratio is slightly low at 34%Cost of debt is low at 2.51%Fixed rate debt % is slightly low at 71.4%All debts are unsecured debtWADE is long at...