- Mapletree Pan Asia Commercial Trust (SGX:N2IU)’s 2QFY24 (Jul to Sep 2023) gross revenue and net property income (NPI) rose 10.1% and 8.7% y-o-y to S$240.2m and S$183.2m due to a full quarter contribution from the assets acquired through the merger.
MPACT's 2QFY24 DPU dipped 8.2% y-o-y but met our expectations
- - Read this at SGinvestors.io -
- 1HFY24 showed similar trends, with NPI up 31.7% y-o-y to S$362.4m but DPU down 10.5% y-o-y to S$0.0442. This was in-line with our expectations, as 1HFY24 DPU accounted for 49.9% of our FY24 forecast. See. Mapletree Pan Asia Commercial Trust's dividend dates.
Sequentially higher portfolio committed occupancy of 96.3%
- - Read this at SGinvestors.io -
- We were pleasantly surprised to see its China properties record a higher committed occupancy of 88.9% (was 87.3% as at 30 Jun 2023) given the soft macroeconomic and industry conditions.
Singapore assets anchoring overall portfolio rental reversions of +3.2%
- Read more at SGinvestors.io.
