Mapletree Pan Asia Commercial Trust (MPACT) saw its share price hit a multi-year low recently. We find out if the REIT is worthwhile looking at with a dividend yield of 6.5%.
What happened?
Mapletree Pan Asia Commercial Trust, or MPACT, has seen its share price head steadily down to multi-year low of S$1.39 recently. This would represent a fall of close to 20% year-to-date.
While the decline has not been as steep as other stocks such as Venture Corp and OUE Commercial REIT, we have still received questions about what is driving weakness in the share price of MPACT.
Source: Yahoo Finance
To be fair, MPACT has not been trading in the stock market for long as this REIT is the result of a merger between Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT).
The aim of the merger back then was to create a S$10 billion REIT with 18 properties based on MCT’s...