Mapletree PanAsia Com Tr - She has managed to bounce-off from 1.33 and closed higher at 1.37 , looks rather interesting! I think a good pivot point to consider as yield is above 6.4 percent. Pls dyodd.
Short term wise, if she is above to reclaim 1.41 than 1.48 and stay above 1.50 than we may see her reversing this downtrend.
Pls dyodd.
Mapletree PanAsia Com Tr - I think boat is back! At 1.39, yield is about 6.4 percent, NAV 1.73, Gearing is slightly above 40 percent. Do take note!
One of the index reit counter that is yielding more than 6.3% I think might be a good pivot point!
Pls dyodd.
Mapletree PanAsia Com Tr - 3rd quarter results is out! Gross Revenue is up 0.8 percent to 241.5m, NPI is up 1.7% to 182.4m but Distribution is down 9.1% due to higher finance costs increasing 14%. Gearing 40.8%.
Occupancy rate 96.7%.
XD 5th February. DIVIDEND 2.2 CENTS.
Pay date 14th March.
I think results is so so.
PLS dyodd.
— gross revenue and NPI both gained 10.1% and 8.7% YOY for 2Q24
— DPU down 8.2% YOY to 2.24 cents
— portfolio occupancy 96.3%
— gearing 40.7% with 79.9% debt on fixed
— Stable financial performance: Singapore drove growth with better performance while largely stable contributions from overseas properties were weighed down by stronger SGD
— Festival Walk: Sustained revenue supported by near full occupancy, shopper and tenant sales recovery, and continued progress towards rental stabilisation
Mapletree Pan Asia Commercial Trust (“MPACT”) is a real estate investment trust (“REIT”) positioned to be the proxy to key gateway markets of Asia. Listed on the Singapore Exchange Securities Limited (“SGX-ST”), it made its public market debut as Mapletree Commercial Trust on 27 April 2011 and was renamed MPACT on 3 August 2022 following the merger with Mapletree North Asia Commercial Trust.
Its principal investment objective is to invest on a long-term basis, directly or indirectly, in a diversified portfolio of income-producing real estate used primarily for office and/or retail purposes, as well as real estate-related assets, in the key gateway markets of Asia (including but not limited to Singapore, China, Hong Kong1, Japan and South Korea).
MPACT’s portfolio comprises 18 commercial properties across five key gateway markets of Asia – five in Singapore, one in Hong Kong, two in China, nine in Japan and one in South Korea. They have a total NLA of 11.0 million square feet and valued at S$17.1 billion.
Within Singapore, they are:
- VivoCity – Singapore’s largest mall located in the HarbourFront Precinct;
- Mapletree Business City (“MBC”) – a large-scale integrated office, business park and retail complex with Grade A building specifications, supported by ancillary retail space, located in the Alexandra Precinct;
- mTower – an established integrated development with a 40-storey office block and a three-storey retail centre, Alexandra Retail Centre (“ARC”), located in the Alexandra Precinct;
- Mapletree Anson – a 19-storey premium office building located in the Central Business District (“CBD”); and
- Bank of America HarbourFront (“BOAHF”) – A premium six-storey office building located in the HarbourFront Precinct.
Outside Singapore, they are:
- Festival Walk, Hong Kong – a landmark territorial retail mall with an office component;
- Gateway Plaza, China – a Grade A office building with a podium area in Lufthansa sub-market within Beijing;
- Sandhill Plaza, China – a Grade A business park development in Zhangjiang Science City, a key business and innovation hub in Pudong, Shanghai;
- Japan Properties – nine freehold properties comprising five office buildings in Tokyo (IXINAL Monzen-nakacho Building, Higashi-nihonbashi 1-chome Building, TS Ikebukuro Building, Omori Prime Building and Hewlett-Packard Japan Headquarters Building); an office building in Yokohama (ABAS Shin-Yokohama Building) and three office buildings in Chiba (SII Makuhari Building, Fujitsu Makuhari Building and mBAY POINT Makuhari); and
- The Pinnacle Gangnam, South Korea – a freehold Grade A office building with retail amenities located in Gangnam Business District, Seoul.