Listed on the SGX in March 2013, Mapletree North Asia Commercial Trust (MNACT) is a REIT that invests in commercial properties located in China, Hong Kong, Japan, and South Korea. As at 31 March 2021, MNACT owns a portfolio comprising 12 properties with assets under management (AUM) of S$7.9 billion. At MNACT’s eighth AGM, CFO Ng Wah Keong presented the key highlights and financial summary for FY20/21, while CEO Cindy Chow covered market insights and MNACT’s property performances. A live Q&A session was also conducted to address unitholders concerns. Here are 12 things I learned from the 2021 Mapletree North Asia Commercial Trust AGM. 1. MNACT reported distributable income of S$210.2 million and a distribution per unit (DPU) of 6.175 cents, a decline of 7.8% and 13% respectively compared to a year ago. A lower DPU was largely due to higher rental reliefs and lower average rental rates for Festival Walk in Hong Kong and Gateway Plaza...