Mapletree Pan Asia Commercial Trust (MPACT) announced a further decline in its dividends in the latest quarter. We find out if the REIT is worth considering at a 6.5% dividend yield.
What happened?
Mapletree Pan Asia Commercial Trust (MPACT) reported that its distribution per unit (DPU) for the third quarter fiscal year 2023/2024 ended December 2023 decreased to 2.20 Singapore cents from 2.42 cents in the same quarter of the previous year.
This would bring Mapletree Pan Asia Commercial Trust’s 9M FY2023/24 DPU to 6.62 Singapore cents, reflecting a 10.1% decrease compared to 7.36 cents in YTD FY22/23.
Mapletree Pan Asia Commercial Trust’s share price rose slightly after the results to reach a S$1.46 on 2th February. However, the gains have since been reversed, and Mapletree Pan Asia Commercial Trust’s share price has fallen back to S$1.39 as of 9 February 2024.
Let us find out more about Mapletree Pan Asia Commercial Trust’s latest earnings what it they mean for the share price....
