They report a 1.8% higher distribution per unit (DPU) than last year, amounting to 2.29 cents for the 4QFY2023/2024 ending on March 31
SINGAPORE: Mapletree Pan Asia Commercial Trust reports a 1.8% higher distribution per unit than last year, amounting to 2.29 cents for the 4QFY2023/2024 ending on March 31.
Net finance costs for the quarter surged by 10.8% year-on-year to S$56.4 million, leading to a 2.5% year-on-year increase in distributable income, which amounted to S$120.5 million. Distributable income increased by 5.2% year-on-year to S$468.6 million, despite a substantial 39.0% year-on-year surge in net finance costs to S$225.5 million.
Sharon Lim, CEO of the manager, expressed satisfaction with MPACT’s performance amidst challenges, highlighting the uplift in gross revenue, NPI, and DPU for 4QFY2023/2024 as indicators of operational resilience and adaptability.
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