Shares & Derivatives
Mapletree Commercial Trust Review @ 4 May 2022
By REIT-TIREMENT  •  May 4, 2022
Basic Profile & Key Statistics
  • Main Sector(s): Office & Retail
  • Country(s) with Assets: Singapore
  • of Properties (exclude development/associate/fund): 5
Performance Highlight Gross revenue, NPI, income available for distribution and DPU declined yoy due to lower contribution by VivoCity, MBC and Anson, but offset by higher contribution from mTower and MLHF. The DPU in 2H FY21/22 included S$ 15.7 mil of retention while the DPU for 2H FY20/21 include S$ 13mil of retention. Shopper Traffic & Tenant Sales The tenant sales from Jan to Mar 2022 have recovered to pre-Covid level despite shopper traffic being only at around 50% of pre-Covid level. Related Parties Shareholding
  • REIT sponsor's shareholding: Above median for more than 20%
  • REIT manager's shareholding: Above median for more than 20%
  • Directors of REIT manager's shareholding: Above median for more than 20%
Lease Profile
  • Occupancy: ± 5% from median
  • WALE: Below median for more than 20%
  • Highest lease expiry within 5 years: ± 5% from median; Falls in FY26/27 & beyond, without breakdown
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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