Mapletree Pan Asia Commercial Trust (MPACT)
| Dividend Yield | 6.89% |
| P/B Ratio | 0.70 |
| Adjusted ICR | 3.30 times |
| Aggregate Leverage Ratio | 37.7% |
| Occupancy Rate | 84.4% |
| WALE | 2.3 years |
| Fixed Rate Debt | 77.4% |
| Ex-dividend Date | 06 Aug 2026 |
| Record Date | 07 Aug 2026 |
| Payout Date | 16 Sept 2026 |
| Type | Office & Retail |
Remarks
In 1Q FY26/27, borrowing costs continue to improve, declining to 2.94% (down from 3.16%, 3.2%, 3.23%, 3.32%, and 3.51% in the previous quarters).
David Ang- Jul 31, 2026The debt maturity profile is relatively well-staggered, with approximately 6% due in FY26/27. These relatively lower refinancing obligations protect MPACT from a higher-interest-rate environment.
David Ang- Jul 31, 2026MPACT's debt profile remained stable in 1Q FY26/27. The aggregate leverage ratio weakened slightly to 37.7%. The adjusted ICR increased slightly to 3.3x.
David Ang- Jul 31, 2026MPACT reported a disappointing 1Q FY26/27 result. Gross revenue declined by -5.6%, NPI by -6.8%, and DPU by -2.5%. This follows the mixed results from the previous quarter.
David Ang- Jul 31, 2026This REIT has a ~32% exposure to the slowing markets of China, Hong Kong, and Japan. The property sector in those regions is under pressure, impacting MPACT's asset value. Rental reversion in those regions also remained negative in 1Q FY26/27, with HK properties experiencing a -9.1% decline, China properties a -29.2% decline, and Japan properties having no increase.
David Ang- Jul 31, 2026Geographical Exposure
Singapore | 66% |
Hong Kong | 19% |
China | 8% |
Japan | 5% |
South Korea | 1% |
Sectoral Exposure
Office | 54% |
Retail | 46% |
Dividend Distribution History (DPU)
Debt Maturity Profile
Disclaimer: We do not guarantee the data above is accurate. The information presented here is for general information only. It is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice or recommendation of any sort. Please do your own research before investing.