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%.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.