- 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.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2023-02-01
Read also OCBC's most recent report:
2024-10-28 Mapletree Pan Asia Commercial Trust - Drag From Overseas Operations.
Previous report by OCBC:
2024-07-31 Mapletree Pan Asia Commercial Trust - Pressure On Multiple Fronts But Singapore Rental Reversions A Bright Spot.
Price targets by 3 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
