On 23rd January 2025, MPACT (Mapletree Pan Asia Commercial Trust) released their 3QFY24/25 financial results. Existing investors of MPACT knows that the REIT is undergoing headwinds due to its underperforming assets in China and high finance costs due to higher interest rates on SGD, HKD and JPY borrowings. Mapletree Pan Asia Commercial Trust (MPACT) currently makes up 6.92% of my stock portfolio.
As a unitholder of MPACT, I am wondering what is Mapletree Pan Asia Commercial Trust (MPACT) share price? What is MPACT current dividend yield? Have the financials improved? Let us take a look below at its latest financial results.
MPACT 3QFY24/25 Financial Results
In 3Q FY24/25, MPACT’s Gross Revenue was 7.4% lower year-on-year due to reduced contribution from Singapore properties due to divestment of Mapletree Anson and lower overseas contributions which was further dampened by a stronger SGD against JPY, HKD and RMB.
Property expenses and net finance costs improved by 4.0% and 9.7% year-on-year respectively. This was due to...