On July 23, MPACT's manager announced the proposed divestment of two non-core Japan properties, TS Ikebukuro Building and ABAS Shin-Yokohama Building, to two unrelated third parties for a total divestment consideration of JPY8,730.0 million ($78.7 million).
In a recent update, JP Morgan upgraded Mapletree Pan Asia Commercial Trust (MPACT) to "overweight" with a non-consensus estimate of FY2026 and FY2027 distribution per unit (DPU) increase by 1% and 3% respectively after a 9% decline over the past two years.
The street expects DPU to remain flat to marginally lower in FY2026. The upgrade is despite a loss on the sale of two Japanese properties when translated to Singapore dollars (SGD), and a continued decline in DPU in 1QFY2026 for the three months to end-June.
