MPACT's unitholder distributions suffer a 3.5% drop despite NPI stability
It attributed the decline to finance costs and high interest rates.
Mapletree Pan Asia Commercial Trust (MPACT) suffered a 3.5% YoY drop in its amount available for distribution to unitholders despite recording an improved net property income in Q1 24/25.
In Q1 24/25, the amount available for distribution to unitholders fell to $110.8m, whilst NPI marginally rose by 0.1% YoY to $179.4m.
MPACT attributed the stability of its NPI to its robust Singapore portfolio, which reported strong performance.
Meanwhile, MPACT explained that finance costs and a high interest rate environment impacted its distributions, with its distribution per unit (DPU) dropping 4.1% YoY to $0.0209.