1. A gentler DPU decline
Gross revenue for the quarter inched up 0.8% year on year to S$241.6 million, contributed by better performance from the REIT’s Singapore properties. However, overseas rental income from Hong Kong, Japan and China was negatively impacted by the strong Singapore dollar. Utility expenses saw a full quarter of contribution...Mapletree Pan Asia Commercial Trust (SGX: N2IU), or MPACT, is the last of the three Mapletree REITs to report its latest fiscal 2024 third quarter (3Q FY2024) earnings.
Last week, both industrial REITs Mapletree Logistics Trust (SGX: M44U) and Mapletree Industrial Trust (SGX: ME8U) reported encouraging sets of financial numbers.
MPACT put up a resilient performance for the quarter but faced the dual challenges of currency headwinds and higher finance costs.
As a result, its distribution per unit (DPU) for 3Q FY2024 fell by 9.1% year on year to S$0.022.
Here are five highlights from the retail and commercial REIT that investors may be interested to know more about.