Shares & Derivatives
Mapletree Pan Asia Commercial Trust Share Price Down 19.65% in a year: 4 Things Investors Need to know
By SmallCapAsia  •  February 13, 2024
Mapletree Pan Asia Commercial Trust (MPACT) released its 3Q FY2024 earnings on 29 Jan 2024. MPACT put up a disappointing performance for the quarter with a decline in DPU amid higher finance costs. MPACT share price has declined by 19.65% in a year despite many bloggers and investors raving about this REIT. Year to date the share price has also declined by 9.74% underperforming the FTSE REIT index which decline by 7%. Here are 4 things investors need to be wary about MPACT.   DPU decline in 3Q FY23/24   MPACT reported 9.1% decline in DPU to 2.20 cents from 2.42 cents in 3Q FY23/24. DPU was impacted by higher net finance costs due to increased interest rates, higher utility costs and unfavourable foreign exchange against SGD. Deteriorating operating metrics Even though MPACT managed to maintained a high occupancy of 96.7% across its portfolio, its China properties is a...
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