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Mapletree Commercial Trust (MCT)

Broker's Calls

Maybank downgrades MPACT to 'hold' with lower TP of $1.65

With the merger comes along execution and foreign exchange (forex) risk, says analyst Krishna Guha.

Results

MPACT reports 3QFY2023 DPU of 2.42 cents, unchanged from previous year

Although gross revenue was boosted by full quarter contribution from its merger properties, DPU was dampened by higher costs.
MPACT reports 1HFY2023 DPU of 4.94 cents, 12.5% higher y-o-y - THE EDGE SINGAPORE

Results

MPACT reports 1HFY2023 DPU of 4.94 cents, 12.5% higher y-o-y

The REIT manager announced that distributions to its unitholders will be on a quarterly basis from the 3QFY2022/2023 onwards.

Broker's Calls

MCT recovery underway as proposed merger could see the REIT grow significantly larger

The merged entity Mapletree Pan Asia Commercial Trust would become one of the largest REITs by market cap listed in Asia.

Results

MCT's 1QFY2023 NPI lifts by 10.1% to $106.7 mil

As at June 30, MCT’s committed portfolio occupancy stood at 97.2%.
UOB Kay Hian lowers MCT's TP to $2.24 on imminent merger with MNACT - THE EDGE SINGAPORE

Broker's Calls

UOB Kay Hian lowers MCT's TP to $2.24 on imminent merger with MNACT

UOB Kay Hian analyst Jonathan Koh called the preferential offering a "mere formality".

REITs

MCT's preferential offering to open on July 12

Unitholders will have till July 20, at 5.30 pm, to accept, apply and pay for the units under the preferential offering.
Mapletree Commercial Trust's FY2022 DPU rose marginally  - THE EDGE SINGAPORE

Results

Mapletree Commercial Trust's FY2022 DPU rose marginally

In its final year as one of the few pure-play Singapore REITs, Mapletree Commercial Trust's DPU rose marginally to 9.53 cents
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