Mapletree PanAsia Com Tr - 1st quarter results is out.
Gross revenue is down 5.6 percent to 206m.
NPI is down 6.8 percent to 154m.
DPU is down 2.5% to 1.96 cents.
The only consolation is that the Operating expenses is down 1.8% to 51m and Financial costs is down 18.4% to 40m.
XD 6th August.
VivoCity’s Strength and Proactive Capital Management Cushion Overseas Headwinds.
• 1Q FY26/27 DPU of 1.96 Singapore cents.
• Singapore gross revenue and NPI up 2.1% and 1.0% yoy.
• Divestments completed in FY25/26 continue to deliver interest cost savings through reduced debt.
• Portfolio rental reversion healthy at 4.3%.
• Singapore portfolio remains resilient; MBC backfilling progresses, with a key committed lease to commence later this year.
• Proactive refinancing lowers borrowing costs and extends debt maturity.
• VivoCity delivers 8.9% higher NPI, 13.5% rental reversion, near-full committed occupancy and 4.9% yoy tenant sales growth.
• Festival Walk records 4.0% yoy tenant sales growth; 18,800 square feet reconfiguration completed and operational.
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