Mapletree Pan Asia Commercial Trust NPI rises 15.2% to $727.9m in FY23/24

The REIT's Singapore portfolio helped boost its NPI.

The strong performance of Mapletree Pan Asia Commercial Trust's (MPACT) Singapore portfolio helped boost the REIT's net property income (NPI) to $727.9m in FY23/24, rising 15.2% YoY.

Apart from its Singapore portfolio, MPACT said the full-year contribution from the overseas assets acquired through the merger also contributed to its improved NPI.

In the same period, MPACT recorded a 16.0% YoY higher revenue of $958.1m and a 5.2% higher amount available for distribution to Unitholders of $468.6m.

Despite posting expansion in NPI and revenue, MPACT still recorded a 7.3% YoY lower distribution per unit of $0.0891 due to higher interest rates.

Follow the link s for more news on

Mapletree Commercial Trust

Mapletree North Asia Commercial Trust

Financial Statements

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