Mapletree PanAsia Com Tr - 3rd quarter results is out! Gross Revenue is up 0.8 percent to 241.5m, NPI is up 1.7% to 182.4m but Distribution is down 9.1% due to higher finance costs increasing 14%. Gearing 40.8%.
Occupancy rate 96.7%.
XD 5th February. DIVIDEND 2.2 CENTS.
Pay date 14th March.
I think results is so so.
PLS dyodd.
— gross revenue and NPI both gained 10.1% and 8.7% YOY for 2Q24
— DPU down 8.2% YOY to 2.24 cents
— portfolio occupancy 96.3%
— gearing 40.7% with 79.9% debt on fixed
— Stable financial performance: Singapore drove growth with better performance while largely stable contributions from overseas properties were weighed down by stronger SGD
— Festival Walk: Sustained revenue supported by near full occupancy, shopper and tenant sales recovery, and continued progress towards rental stabilisation
Mapletree Pan Asia Commercial Trust (“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...