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.

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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:
2025-08-04 Mapletree Pan Asia Commercial Trust 1QFY26 - Lower Operating And Interest Expenses Offset Overseas Headwinds.

Price targets by 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