MPACT's NPI slips 2.2% in Q2

VivoCity’s full occupancy and rental gains offset weaker overseas income.

Mapletree Pan Asia Commercial Trust (MPACT) reported its net property income fell 2.2% year on year to $163.9m in the second quarter of financial year 2025/26.

The company's revenue also declined by 3.2% year on year to $218.5m, which it largely attributed to lower overseas contributions and te absence of full period contributions from TS Ikebukuro Building and ABAS Shin-Yokohama Building.

The Singapore portfolio remained the trust’s key driver, led by VivoCity, which maintained full occupancy and higher rental rates. Overall portfolio occupancy stood at 88.9%.

MPACT said its aggregate leverage ratio improved to 37.6%, whilst the average cost of debt eased to 3.23%, supported by refinancing and lower interest expenses.

Chief Executive Officer Sharon Lim said the trust’s steady domestic operations and disciplined capital management underpinned the results. Unitholders will receive the 2.01-cent distribution on 4 December, with books closing on 30 October.

Follow the link for more news on

Mapletree Commercial Trust

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

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