- Mapletree Pan Asia Commercial Trust (SGX:N2IU)’s 3QFY24 gross revenue and net property income (NPI) rose 0.8% and 1.7% y-o-y to S$241.6m and S$182.4m despite an increase in utility expenses by 6.8%.
- - Read this at SGinvestors.io -
3QFY24 DPU fell 9.1% y-o-y but was within our expectations
- See Mapletree Pan Asia Commercial Trust's distributions. DPU for the quarter fell 9.1% y-o-y to S$0.022. Besides higher finance costs, there was a boost in 3QFY23 by the release of a one-off cross currency interest rate swap gain. Excluding this, the DPU decline in 3QFY24 would have been smaller at -1.8%.
- For 9MFY24, Mapletree Pan Asia Commercial Trust’s DPU dipped 10.1% to S$0.0662 and formed 74.8% of our FY24 forecast, in line with our expectations.
Sequentially higher portfolio committed occupancy of 96.7%
- - Read this at SGinvestors.io -
Negative rental reversions narrowed in China & 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/ 2024-01-31
Read also OCBC's most recent report:
2024-04-25 Mapletree Pan Asia Commercial Trust - First Quarterly Y-o-y DPU Improvement For FY24.
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
