Mapletree Pan Asia Commercial Trust's DPU Down 12% in Fiscal Q2; Shares Slump 5%

MT Newswires

2024/10/25

Mapletree Pan Asia Commercial Trust's (SGX:N2IU) distribution per unit was down nearly 12% year over year in the quarter ended Sept. 30 to SG$0.0198 from SG$0.0224, according to a filing with the Singapore Exchange on Thursday.

Net property income came in at SG$167.7 million compared with SG$183.2 million in the year-ago period.

Gross revenue was down 6% year over year to SG$225.6 million from SG$240.2 million, mainly due to the divestment of Mapletree Anson on July 31.

Shares of the trust were down nearly 5% in recent trading.

Price (SGD): S$1.34, Change: S$-0.070, Percent Change: -4.96%

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