In 1HFY2026, DPU fell by 1.2% y-o-y to 4.02 cents, which MPACT’s manager attributed to overseas headwinds.
Mapletree Pan Asia Commercial Trust (MPACT) continues to face headwinds overseas, especially in China. On the other hand, VivoCity had a superb 1HFY2026 and 2QFY2026 ended Sept 30, 2024. VivoCity was fully occupied as of last month, and experienced a 7.7% y-o-y growth in net property income (NPI) in the three months to Sept 30.
Mapletree Business City’s NPI rose by 4% y-o-y in 2QFY2026. Together, the Singapore assets, which include ARC and mTower, saw a 6.1% y-o-y increase in NPI during the second quarter and provided the tailwind that swept distributions per unit (DPU) up by 1.5% y-o-y to 2.01 cents in 2QFY2026.
