Gross revenue dipped by 0.2% y-o-y to $236.7 million due to lower contributions from MPACT’s overseas properties due to weaker performances from China and Japan. The weaker performances were due to lower occupancy and unfavourable foreign exchange (forex) arising from the depreciating Japanese yen (JPY) and Chinese renminbi (RMB) against the Singapore dollar (SGD).
Mapletree Pan Asia Commercial Trust (MPACT) has reported a distribution per unit (DPU) of 2.09 cents for the 1QFY2025 ended June 30, 4.1% lower y-o-y. Unitholders will receive their DPUs on Sept 12.
Distributable income fell by 3.5% y-o-y to $110.8 million due to higher finance costs, which rose by 9.8% y-o-y to $59.4 million.
