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Mapletree PanAsia Com Tr – Divestment of Mapletree Anson can pare down debts level from 40.5 percent to 37.6 percent, seem a good way to lower the ops cost but dpu will likely be affected!
By Singapore Stocks Sharing  •  May 31, 2024
Mapletree PanAsia Com Tr - Divestment of Mapletree Anson can pare down debts level from 40.5 percent to 37.6 percent,  seem a good way to lower the ops cost but dpu will be affected! The divestment gain can help to generate around 1.5% accretion to FY2023 - FY2024 DPU on a pro forma basis. Mapletree Anson for $775 million and channel the proceeds to pare down debt, joining a growing list of REITs and trusts divesting assets in a bid to ease balance sheet strain. The sale to an unnamed third party is at a gain of $10 million over the property's valuation as at March 31. It will also be a premium of $95.0 million above the original purchase price of $680 million paid back in 2012. MPACT is expecting net proceeds of $762 million and can help reduce its aggregate leverage from 40.5% as at March 31 to 37.6% on a pro forma basis....
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By Singapore Stocks Sharing
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