Mapletree Pan Asia Commercial Trust - UOB Kay Hian 2024-06-03: Deleveraging To Add Strategic Flexibility

Mapletree Pan Asia Commercial Trust - Deleveraging To Add Strategic Flexibility

Published:
Mapletree Pan Asia Commercial Trust (SGX:N2IU) | SGinvestors.ioMapletree Pan Asia Commercial Trust (SGX:N2IU)
  • Mapletree Pan Asia Commercial Trust has entered into a put and call option agreement to divest Mapletree Anson for S$775m, or S$2,352psf. The divestment is accretive to pro forma FY24 DPU by 1.5% to 9.04 cents as Mapletree Anson is sold at a low exit yield of 3.8%, and the proceeds will be utilised to repay high-cost 4.5% bank borrowings.
  • - Read this at SGinvestors.io -

Divestment of non-core assets - Mapletree Anson

  • Mapletree Pan Asia Commercial Trust (SGX:N2IU) has entered into a put and call option agreement to divest Mapletree Anson for S$775m or S$2,352psf. The selling price represents a gain of S$10m over the latest independent valuation of S$765m and is S$95m above the original purchase price of S$680m.
  • - Read this at SGinvestors.io -

Grade A office building at the fringe of CBD.

  • Mapletree Anson is a 19-storey office building in the Tanjong Pagar sub-market of the CBD. It has 329,487sf of Grade A lettable office space. The building is conveniently located within a two-minute walk from Tanjong Pagar MRT Station. It has large column-free floor plates of over 20,000sf.

Enhance financial flexibility.

  • 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 C UOB Kay Hian Research | https://research.uobkayhian.com/ 2024-06-03



Previous report by UOB:
2024-04-30 Mapletree Pan Asia Commercial Trust - Turning Around Towards An Upward Trajectory In 4QFY24  .

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





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