MPACT’s net income jumps 44.9% YoY in H1 FY22/23

The “all-rounded” improvements in the trust’s Singapore properties drove the increase.

Contributions from VivoCity and Mapletree Business City (MBC) drove Mapletree Pan Asia Commercial Trust’s (MPACT) net property income (NPI) higher in H1 FY22/23, growing 44.9% YoY to $275.18m.

In a bourse filing, MPACT’s manager said 63% of the trust’s gross revenue and NPI were derived from ViVoCity and MBC.

“Our core market, Singapore, continued to chart a new post-COVID path. In tandem with the country’s full reopening, VivoCity and MBC achieved all-rounded improvements – delivering higher revenue and NPI, as well as rental uplifts of 7.7% and 3.8%, respectively,” the manager said.

With the increase, the trust’s distribution per unit rose 12.5% YoY to $0.0494.

Unitholders can expect to receive the distribution of $0.019 per unit on 7 December. The Transfer Books and Register of Unitholders of MPACT will be closed at 5.00 p.m. on Friday, 4 November.

Follow the link for more news on

Mapletree North Asia Commercial Trust

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia

Top News

Specialty chemicals manufacturing facility on Jurong Island for sale

The fully equipped facility is clean and ready to be recommissioned.

Commercial Property

11 hours ago

September surge masks looming export slowdown to 6% in 2027

Maybank raised its 2026 forecast to 27% from 18% in the same report.Non-oil domestic exports (NODX) growth could slow to 6% in 2027 as supply chain pressures and higher financing costs weigh on shipment momentum, Maybank Research Pte Ltd said.

Economy

15 hours ago

Nearly half of workers report six or more unpaid hours a week, report says