Mapletree North Asia Commercial Trust (MNACT)

SINGAPORE (Dec 5): Mapletree Logistics Trust (MLT) will be added as a constituent of the benchmark Straits Times Index (STI) – replacing Golden Agri-Resources (GAR) – in the only change following a December quarterly review, FTSE Russell announced on

SINGAPORE (Dec 5): The trustee of Mapletree North Asia Commercial Trust (MNACT) has entered into agreements to acquire an effective interest of 98.47% in two office properties in Japan for a total acquisition cost of $482.5 million, the manager announced

SINGAPORE (Dec 5): Mapletree North Asia Commercial Trust’s (MNACT) Festival Walk shopping mall is expected to remain shuttered until the first quarter of next year after incurring “extensive damage” in mid-November amid escalating violence in the Ho

SINGAPORE (Nov 25): November threw up some surprises for followers of real estate in­ vestment trusts. The outperform­er month­-to-­date is Sasseur REIT, which had traded at or below its IPO price of 80 cents for most of the time since its listing in

SINGAPORE (Nov 20): More than a week after violence from escalating unrest in Hong Kong spilled into Festival Walk shopping centre, the Kowloon Tong mall remains closed “until further notice”.

CSE Global

Despite a significant fall in the REIT’s stock price after the incident, OCBC Research Team analysts remain sanguine on the REIT at large, citing sufficient insurance coverage to mitigate the damages caused.  In particular, they have identified two

The Festival Walk shopping mall in Hong Kong is MNACT’s key asset. In the latest 2Q20, the mall accounted for some 62% of the REIT’s total net property income. The mall had been forced to close early on three consecutive days before today, after al

SINGAPORE (Oct 30): OCBC Investment Research believes Mapletree North Asia Commercial Trust (MNACT) will remain resilient, amid the ongoing political unrest in Hong Kong.