Shares & Derivatives
Mapletree Pan Asia Commercial Trust’s 4Q FY23/24 Result Review
By REIT-TIREMENT  •  April 28, 2024
Basic Profile & Key Statistics Key Indicators Performance Highlight Gross revenue and NPI improved YoY due to better performance from Singapore properties. The amount available for distribution and DPU have improved YoY due to improved NPI, higher forex gain and lower tax expenses. Rental Reversion Portfolio rental reversion is at 2.9%. Shopper Traffic & Tenant Sales In the latest quarter, both shopper traffic and tenant sales have seen improvement for VivoCity. However, Festival Walk experienced a decline in both shopper traffic and tenant sales. Related Parties Shareholding The sponsor and manager hold a relatively high number of shares. Lease Profile WALE is short and the income in SGD/major currencies is relatively low. Debt Profile The cost of debt is relatively low, accompanied by a well-spread debt maturity profile. Diversification Profile The diversification is strong in sectors and tenants but concentrated in geography and property contributions. Key Financial Metrics The operating distributable income margin is high, but the property yield is low. Management...
Read the full article
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 ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance