- Mapletree Pan Asia Commercial Trust's 3QFY23 (Oct-Dec 2022) distribution per unit (DPU) flat y-o-y at S$0.0242.
- Portfolio committed occupancy declined 1.4ppt q-o-q to 95.5% with slight negative portfolio rental reversions of -0.3%
- - Read this at SGinvestors.io -
MPACT's 3QFY23 results in-line with our expectations
- Mapletree Pan Asia Commercial Trust (MPACT, SGX:N2IU) reported its 3QFY23 results which met our expectations.
- Gross revenue and net property income (NPI) surged 84.0% and 76.8% y-o-y to S$239.8m and S$179.4m, respectively. This was driven largely by contribution of income from properties acquired through the merger and improved performance of its Singapore portfolio. However, DPU was unchanged y-o-y at S$0.0242 due to a 184.0% jump in its net finance costs.
- - Read this at SGinvestors.io -
Portfolio committed occupancy declined 1.4 ppt q-o-q to 95.5%; rental reversions of -0.3% due to drag from China and Hong Kong
- Read more at SGinvestors.io.
