Mapletree Pan Asia Commercial Trust - UOB Kay Hian 2025-04-28: Overcoming Adverse Operating Challenges Overseas

• Mapletree Pan Asia Commercial Trust's share price trades at FY26 distribution yield of 7.0% and P/NAV of 0.69x, which has factored in a dimmer outlook for its overseas properties.
• - Read this at SGinvestors.io -

Headwinds from overseas assets.

• Gross revenue and NPI declined 6.8% and 7.4% y-o-y respectively in 4QFY25 due to the divestment of Mapletree Anson (completion: 31 Jul 24). Excluding Mapletree Anson, NPI from Singapore properties grew organically by 1.4% y-o-y.
• Overseas contributions were affected by persistent S$ strength. NPI from China and Japan declined 4.1% and 36.3% y-o-y respectively. NPI margin improved 1.5ppt q-o-q to 76.1% in 4QFY25.
• - Read this at SGinvestors.io -

VivoCity: Upgrading at basement 2.

• 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/.

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