Mapletree Pan Asia Commercial Trust (SGX:N2IU) distribution per unit or DPU was down 9.1% year over year to SG$0.02 for the fiscal quarter ended Dec. 31, 2024, compared with SG$0.022 a year earlier, according to a filing with the Singapore Exchange on Thursday.
The amount available for distribution to unitholders came in at SG$104.7 million, down 9.2% from SG$115.3 million a year earlier.
Net property income came in at SG$166.9 million, down nearly 9% year over year from SG$182.4 million in the comparable period.
Gross revenue was down 7.4% year over year to SG$223.7 million from SG$241.6 million in the year-ago period, mainly due to the divestment of Mapletree Anson's in July, 2024.
Committed portfolio occupany as at Dec. 31, 2024 stood at 90%.
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