On 31st January 2023, MPACT (Mapletree Pan Asia Commercial Trust) has released their 3Q FY22/23 financial results. Net Asset Value per Unit was up year-on-year to S$1.78 mainly due to higher investment properties resulting from the merger. Gross revenue and Net Property Income (NPI) was up 84.0% and 76.8% year-on-year respectively. However, Distribution Per Unit (DPU) remain flat at 2.42 cents. Let us take a look in more details below if MPACT is doing alright or anything we should be cautious of.

MPACT 3Q FY22/23 Financial Results

In 3Q FY22/23, even though Gross Revenue was lifted by the full quarter contribution from properties acquired through the merger and higher contribution from the Singapore portfolio, the Distribution Per Unit (DPU) was dampened by higher finance costs.

	3Q FY22/23 (S$’000)	3Q FY21/22 (S$’000)	Change
Gross Revenue	239,752	130,277	84.0%
Net Property Income	179,389	101,450	76.8%
Property expenses	(60,363)	(28,827)	109.4%
Amount Distributable To Unitholders	127,038	80,347	58.1%
Distribution Per Unit (“DPU”) (cents)	2.42	2.42	–

MPACT YTD FY22/23 Financial

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