- Mapletree Pan Asia Commercial Trust reported 4QFY25 DPU of S$1.95 cents (-14.8% y-o-y) and FY25 DPU of S$8.02 cents (-10% y-o-y).
Portfolio metrics were mixed.
- - Read this at SGinvestors.io -
- Occupancy was lower but mid-single digit positive reversion continued due to Singapore assets. Valuation was stable supported by local assets. Gearing and borrowing cost inched down.
VivoCity anchors performance.
- 4QFY25 revenue of S$222.9m was 6.8% y-o-y lower and NPI of S$169.5m was down 7.4% y-o-y. This was largely due to absence of contribution of Mapletree Anson and lower overseas contribution. On a same-store basis (excluding Mapletree Anson), Singapore NPI rose 1.4% y-o-y for 4QFY25 led by VivoCity.
- - Read this at SGinvestors.io -
- Portfolio occupancy fell to 89.6% with continued pressure on overseas assets and frictional local vacancies. Rent reversion at +3.6% was led by Singapore assets. Tenant sales were lower for HK and SG mall.
Proactive debt management.
- Read more at SGinvestors.io.
