- Mapletree Pan Asia Commercial Trust delivered DPU growth of 12.5% y-o-y in 1HFY23. VivoCity and MBC benefitted from rental uplifts of 7.7% and 3.8% respectively and contributed 63% of Mapletree Pan Asia Commercial Trust’s gross revenue and NPI.
- - Read this at SGinvestors.io -
Mapletree Pan Asia Commercial Trust (MPACT)'s 1HFY23 Results
- - Read this at SGinvestors.io -
- Organic growth from core holdings VivoCity and MBC. Both gross revenue and NPI grew 44.9% y-o-y in 1HFY23, driven by growth from VivoCity and Mapletree Business City (MBC) as well as the merger with Mapletree North Asia Commercial Trust (MNACT) , which was completed on 21 Jul 22 (two months of contributions from MNACT).
- Positive reversion from Singapore, China and South Korea. Mapletree Pan Asia Commercial Trustachieved positive rental reversion of 1.1%.
- Read more at SGinvestors.io.
Above is the excerpt from report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full report in PDF @ https://www.utrade.com.sg/.
Jonathan KOH CFA UOB Kay Hian Research | https://research.uobkayhian.com/ 2022-11-01
Read also UOB's most recent report:
2024-02-14 Mapletree Pan Asia Commercial Trust - Singapore Leading The Charge.Previous report by UOB:
2023-11-29 Mapletree Pan Asia Commercial Trust - A Tale Of Two Malls.Price targets by 2 other brokers at Mapletree Pan Asia Commercial Trust Target Prices.
Listing of research reports at Mapletree Pan Asia Commercial Trust Analyst Reports.
Relevant links:
Mapletree Pan Asia Commercial Trust Share Price History,
Mapletree Pan Asia Commercial Trust Announcements,
Mapletree Pan Asia Commercial Trust Dividends & Corporate Actions,
Mapletree Pan Asia Commercial Trust News Articles
