What happened?

Mapletree Pan Asia Commercial Trust, or MPACT, reported its fiscal 2024 second quarter (2Q FY2024) earnings recently.

Distribution per unit fell to 2.24 cents for the second quarter of fiscal year 2023/24, a 8.2% decline compared to the previous year.

Earlier, we dived into the REIT’s fundamentals to understand what might be driving the share price to reach a 1-year low.  

Mapletree Pan Asia Commercial Trust’s share price has since fallen further to reach S$1.27, before recovering slightly to close at S$1.31 as of 27 October.

As such, we thought it might be worthwhile to review its latest financial numbers and operating metrics to see if the REIT has become even more of a bargain. 

What we learnt from Mapletree Pan Asia Commercial Trust (MPACT) results

Here are some salient aspects of MPACT’s latest earnings report that you need to know.

#1 –