- REIT sponsor's shareholding is high at 37.36%
- REIT manager's shareholding is high at 5.02%
- Directors of REIT manager's shareholding are high at 0.18%
Basic Profile & Key Statistics
Mapletree North Asia Commercial Trust (MNACT) invests in Office and Retail properties and owns 12 properties across China, Hong Kong, Japan and South Korea.
Performance Highlight
Gross revenue, NPI, DI and DPU increased YoY by 39.7%, 41.4%, 8.8% and 1.9% respectively. The increase in both gross revenue and NPI is due to no income from Festival Walk mall from 13 November 2019 to 15 January 2020 and its office tower from 13 to 25 November 2019. If we include the Festival Walk capital top-up of S$ 32.9 million (which was subsequently reimbursed by insurance), then the YoY increase would be 13.7% and 8.3% for gross revenue and NPI.
Rental reversion is negative for Festival Walk and Gateway Plaza but positive for Sandhill Plaza and Japan properties.
Both footfall and retail sales have recovered a lot in February and March.
Related Parties Shareholding
