Shares & Derivatives
8 things I learned from the 2022 Mapletree Commercial Trust AGM
By The Fifth Person  •  August 10, 2022
Mapletree Commercial Trust (MCT) is a Singapore-focused REIT that owns a portfolio of retail and office properties. In terms of property valuation, MCT’s top three holdings are VivoCity, Mapletree Business City I, and Mapletree Business City II. As of 31 March 2022, MCT’s total property portfolio was valued at S$8.82 billion. As Singapore eases its pandemic restrictions, I was curious about the impact on MCT’s performance and the management’s outlook ahead. To learn more, I attended MCT annual general meeting. Here are eight things that I’ve learned from the Mapletree Commercial Trust 2022 AGM. 1. Gross revenue grew 4.3% year-on-year (y-o-y) to S$499.5 million and net property income (NPI) increased 3.1% y-o-y to S$388.7 million in FY21/22. This was driven by higher revenues from all properties (due to the relaxation of restrictions in Singapore) except Mapletree Anson due to its transitional vacancy. In line with the easing of COVID-19 measures towards the second half of the financial year, MCT has tapered rental rebates for retail tenants and carpark income has improved....
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By The Fifth Person
The Fifth Person® believes in spreading a message — that sound investment knowledge, financial literacy and intelligent money habits can help millions of people around the world achieve financial security, freedom and lead better lives for themselves, their family and their loved ones ...
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