On 31 July 2023, Mapletree Pan Asia Commercial Trust (“MPACT”) have announced their 2024 first quarter result. The share price have continued to decrease from my previous article, which is not unexpected as it is reflecting the DPU decrease this quarter. Similar to other REITs, the DPU is likely going to continue to be eroded with higher finance costs, as the Federal Reserve this week indicated that interest rates need to remain high for the rest of the year. There may be further opportunities for investors to enter.

Website: Financial Statements And Related Announcement::First Quarter Results

Background

MPACT is a real estate investment trust (“REIT”) positioned to be the proxy to key gateway markets of Asia. Listed on the Singapore Exchange Securities Limited (“SGX-ST”), it made its public market debut as Mapletree Commercial Trust on 27 April 2011 and was renamed MPACT on 3 August 2022