UNITHOLDERS of Mapletree Commercial Trust (MCT) and Mapletree North Asia Commercial Trust (MNACT) have voted in favour of the merger to create one of Asia’s 10 largest real estate investment trusts (Reits).

Unitholders of both Mapletree Commercial Trust and Mapletree North Asia Commercial Trust have approved the proposed merger of the two REITs at their respective EGMs held earlier on May 23.The two REITs will proceed to form Mapletree Pan Asia Commercial Trust, expected to be one of the ten largest RE...

On April 22, stapled security holders of CDL Hospitality Trusts (CDLHT) voted overwhelmingly to approve resolution 4, the implementation of a distribution reinvestment plan (DRP).In a 24- page circular on the rationale for DRP, CDLHT’s manager said: “the cash which would otherwise have been paya...

Analysts are positive about Mapletree Commercial Trust (MCT), in light of the easing of safe distancing measures this week that stand to improve shopper traffic and tenant sales at VivoCity, as well as physical occupancy at its office and wider business park properties.MCT has also recently reported...

Maybank Group Research analyst Chua Su Tye has kept a “buy” rating on Mapletree Commercial Trust (MCT) with an unchanged target price of $2.35.The REIT’s distribution per unit (DPU) for the 2HFY2022 ended March stood in line with Chua’s estimates, as well as the estimates of the street. Duri...

SPH REIT kicked off the current financial reporting season for S-Reits on Apr 1,l 2022 with with the release of its H1 FY2022 (ended Feb 28, 2022) financial results. This was followed by other S-Reits, including Keppel DC Reit (Q1 business update), Keppel Pacific Oak US Reit (Q1 business upd...

If there was one standout from the REITs that announced results in the week of April 18-22, it was their focus on capital management. REIT managers are moving to limit the impact of interest rate hikes on their distributable incomes and distributions per unit (DPU). Interest expense is often locally...

Analysts from CGS-CIMB Research and Citi Research have downgraded their recommendations on Mapletree North Asia Commercial Trust (MNACT) after the REIT’s unit price surpassed the offer price of $1.1949 from Mapletree Commercial Trust (MCT).Units in MNACT have been trading from $1.22 to $1.23 since...

CGS-CIMB downgraded its call on Mapletree North Asia Commercial Trust (MNACT) to “hold” from “add”, as the near-term upside for its unit price is likely capped by the consideration price of its proposed merger with Mapletree Commercial Trust (MCT).

MALL and office landlord Mapletree North Asia Commercial Trust (MNACT) posted a 2.8 per cent rise in distribution per unit (DPU) to S$0.03393 for the second half-year ended Mar 31, 2022, up from S$0.03299 a year earlier.