Despite broad forex challenges, growth was primarily driven by Singapore’s robust performance, which delivered positive contributions after fully offsetting higher utility expenses.
Mapletree Pan Asia Commercial Trust (MPACT) (SGX:N2IU
) has declared 9.1% lower distribution per unit (DPU) y-o-y of 2.20 cents for 3QFY2024 ended Dec 31, 2023, tempered by rate hikes and the absence of a one-off gain.
However, the REIT recorded y-o-y gains in gross revenue and net property income (NPI) for the quarter, which improved by 0.8% y-o-y to $241.6 million and 1.7% y-o-y to $182.4 million, respectively.
