Staff Reporter
,
Singapore
Logo from MPACT
The REIT likewise reported gains in its gross revenue and DPU.
Mapletree Pan Asia Commercial Trust (MPACT) saw its net property income (NPI) increase by 2.2% YoY in 2QFY23/24.
Apart from an improved NPI of $183.2m, the REIT also recorded gains in its gross revenue, which rose 1.3% QoQ to $240.2m.
The increase in revenue and income pushed the REIT's distribution per unit by 2.8% QoQ to $0.0224.
On a year-on-year basis, however, DPU fell by 8.2% from $0.0244 in 2QFY22/23.
Join
Singapore Business Review
community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!