What happened?
I recently asked the
Beansprout Telegram group which stocks/REITs the community was most interested in.
Mapletree Pan Asia Commercial Trust, or MPACT, came up top in the poll. The REIT has been going through a tough year so far. Its share price has tumbled by nearly 19% year to date and is just a whisker away from its 52-week low of S$1.18. Earlier, we saw that the
REIT’s dividends fell for the quarter ending December 2023. Mapletree Pan Asia Commercial Trust was also
one of the five Singapore stocks that was removed from the MSCI Singapore index last month. Source: Beansprout The retail and commercial REIT performed marginally better than
Mapletree Logistics Trust, which is
down close to 22% year to date, but lagged behind
Mapletree Industrial Trust’s 12% year-to-date fall. We find out why investors are pessimistic about the REIT and analyse its latest corporate move to divest Mapletree...