Mapletree Pan Asia Commercial Trust (MPACT)

Reviewing Mapletree's three REITs post-1QFY2024 - THE EDGE SINGAPORE

REITs

Reviewing Mapletree's three REITs post-1QFY2024

Some $60.18 billion in assets are held under Mapletree’s three Singapore-listed REITs and eight private real estate funds.
Double whammy from interest and utilities, CGS-CIMB keeps 'hold' on MPACT with lower TP of $1.76 - THE EDGE SINGAPORE

Broker's Calls

Double whammy from interest and utilities, CGS-CIMB keeps 'hold' on MPACT with lower TP of $1.76

The analysts expect Festival Walk's negative reversion trend to continue for FY2024.

Results

MPACT 1QFY2024 DPU falls 3.1% q-o-q from higher utility, financing costs

Compared to the previous quarter, MPACT's revenue and net property income grew 1.6% and 1.0% respectively.
UOB Kay Hian maintains 'buy' on MPACT but lowers TP to $1.90 - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian maintains 'buy' on MPACT but lowers TP to $1.90

Analyst Jonathan Koh has lowered his TP from $2.02 previously as the REIT's Japan portfolio weathers pressure from new supply.
DBS favours industrial, retail S-REITs this 'red hot summer' as high rates erode DPU - THE EDGE SINGAPORE

Broker's Calls

DBS favours industrial, retail S-REITs this 'red-hot summer' as high rates erode DPU

This cut would be more keenly felt in the US office, China Retail S-REITs and selected commercial subsectors, says DBS.

Broker's Calls

MPACT's latest FY results draws mixed views from analysts

The known negative news on MPACT had already been taken into account by the market.
Analysts mixed on MPACT's 4QFY2023 results; CGS-CIMB downgrades to 'hold' - THE EDGE SINGAPORE

Broker's Calls

Analysts mixed on MPACT's 4QFY2023 results; CGS-CIMB downgrades to 'hold'

CGS-CIMB analysts have lowered their estimates for MPACT’s FY2024 and FY2025 DPU by 8.9% and 6.2% respectively.
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