Singapore REIT Mapletree Pan Asia Commercial Trust (MPACT) posted a decline in earnings for the third quarter of its FY24/25, citing overseas challenges and the impact of a strong Singapore dollar on its international contributions.
Gross revenue for the quarter ended 31 December 2024 fell by 7.4% year-on-year to SGD223.7 million, while net property income (NPI) dropped by 8.5% to SGD166.9 million.
Distribution per unit (DPU) also declined 9.1% year-on-year to 2.00 Singapore cents.
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