On 29 January 2024, Mapletree Pan Asia Commercial Trust (“MPACT”) have announced their 2024 third quarter. Their financial position has remained relatively stable. However DPU has dropped this quarter, due to higher finance costs which is only partially offset by the higher net property income. The share price has also been on a downtrend, likely due to reflect the risks and yield of MPACT. Investors will need to monitor if this improves over the next few quarters, as market sentiment currently expects interest rate cuts by end of 2024.
Website: Financial Statements And Related Announcement::Third Quarter Results
Background
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 public market debut as Mapletree Commercial Trust on 27 April 2011 and was renamed MPACT on 3 August
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