Shares & Derivatives
Mapletree Pan Asia Commercial Trust’s 3Q FY23/24 Result Review
By REIT-TIREMENT  •  February 13, 2024
Basic Profile & Key Statistics Key Indicators Performance Highlight Gross revenue and NPI remain similar YoY. The amount available for distribution and DPU declined YoY due to a combination of the highest finance costs and the absence of one-off realized gain from financial derivative instruments. Rental Reversion Portfolio rental reversion is at 4.1%. Shopper Traffic & Tenant Sales At VivoCity, there was a slight YoY decline in both shopper traffic and tenant sales. Meanwhile, at Festival Walk, shopper traffic increased compared to last year, although tenant sales experienced a decline YoY. Asset Enhancement Initiative Reconfiguration of level 1 F&B cluster was completed. Related Parties Shareholding The REIT manager holds a relatively high number of shares, whereas the sponsor and directors of the REIT manager hold a relatively low number of shares.   Lease Profile WALE is relatively long with a well-spread lease expiry. Debt Profile WADM is relatively long with well-spread debt maturity. While the cost of debt is low, the proportion...
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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