Basic Profile & Key Statistics
Mapletree Commercial Trust (MCT) invests in both office and retail properties and currently owns 5 properties in Singapore.
Performance Highlight
Performance improved mainly due to lower rental rebate and compensation from a lease pre-termination at mTower.
Both shopper traffic and tenant sales decreased since Phase 2 Heightened Alert in May.
Related Parties Shareholding
- REIT sponsor's shareholding is high at 32.59%
- REIT manager's shareholding is high at 3.03%
- Directors of REIT manager's shareholding is high at 0.22%
Lease Profile
- Occupancy is slightly high at 95.4%
- WALE is short at 2.4 years
- Highest lease expiry within 5 years is moderate at 25.9% which falls in FY22/23
- Weighted average land lease expiry is slightly long at 75.97 years
Debt Profile
- Gearing ratio is slightly low at 34.2%
- Cost of debt is moderate at 2.44%
- Fixed rate debt % is moderate at 75.7%
- All debts are unsecured debt
- WADM is long at 4 years
- Highest debt maturity within 5 years is low at 24% which falls in FY24/25
...
