Mapletree Pan Asia Commercial Trust - UOB Kay Hian 2024-07-09: Anchored In Singapore; Deleveraging For Growth In Asia Pacific

• Mapletree Pan Asia Commercial Trust's share price trades at FY25 distribution yield of 6.8% and P/NAV of 0.70x, which we deem attractive for a blue chip S-REIT.
• Mapletree Pan Asia Commercial Trust has de-risked its balance sheet by deleveraging through the divestment of Mapletree Anson. Its Singapore portfolio remains resilient with VivoCity benefitting as the gateway to Sentosa and Mapletree Business City (MBC) benefitting from its proximity to the CBD. It has stepped up leasing efforts to backfill vacant space in Chiba, Japan.

Pan Asian play on commercial properties.

• - Read this at SGinvestors.io -
• Mapletree Business City (MBC) is able to maintain positive rental reversion and high occupancy due to its proximity to the CBD.

Continuously enhancing VivoCity.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Read also UOB's most recent report:
2025-04-28 Mapletree Pan Asia Commercial Trust - Overcoming Adverse Operating Challenges Overseas.

Previous report by UOB:
2025-01-27 Mapletree Pan Asia Commercial Trust 3QFY25 - Strength In Singapore Overcomes Weaknesses Overseas.

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 Dividend Payout Dates & Corporate Actions,
Mapletree Pan Asia Commercial Trust News