145 views
Photo from MPACT

MPACT’s net property income climbs 1.7% YoY to $182.4m in 3Q23/24

The strong performance of the REIT’s Singapore portfolio contributed to the increase.

The net property income (NPI) of Mapletree Pan Asia Commercial Trust (MPACT) grew 1.7% YoY to $182.4m in 3Q23/24.

In a bourse filing, MPACT attributed its positive results to the strong performance of its Singapore portfolio and steady contributions from its Hong Kong and Japan assets.

Despite recording a higher NPI, MPACT saw a 9.1% YoY drop in its distribution per unit, falling to $0.0220.

MPACT said its DPU was “tempered by higher interest rates and the absence of a one-off cross-currency interest rate swap (CCIRS) gain.
 

Follow the links for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!