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MPACT’s NPI declines by 8.5% YoY to $166.9m in Q3

Its gross revenue also decreased by 7.4% YoY to $223.7m.

Mapletree Pan Asia Commercial Trust’s (MPACT) net property income declined by 8.5% year-on-year (YoY) to $166.9m in Q3 FY 24/25, according to a bourse filing.

Its gross revenue also decreased by 7.4% YoY to $223.7m.

MPACT said that these declines were mainly attributed to the absence of Mapletree Anson’s contribution following its divestment on 31 July 2024 and lower overseas contributions, which were further dampened by the persistent strength of the Singapore dollar.

However, the Singapore assets showed resilience, with their combined gross revenue, excluding Mapletree Anson, rising 0.2% YoY.

The distribution per unit for the period was $0.02.

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