Distribution per unit for the quarter was down 9.1% y-o-y to 2.2 cent although that was in line with what the analysts were expecting.
Mapletree Pan Asia Commercial Trust reported lower distribution for its 3QFY2024 over the year-earlier period but analysts are cheered by its ongoing operational improvement and therefore recommending investors to “buy”.
For its three months ended Dec 2023, MPACT grew its revenue by 0.8% y-o-y and net property income by 1.7% y-o-y. However, distribution was weighed down by higher debt cost and unfavourable forex.
