Mapletree Commercial Trust (MCT)

Results

MCT reports net property income of $291.3 mil for 9MFY2021, 5.6% up

Units in MCT closed 1 cent higher or 0.55% up at $1.84 on Jan 26.

Singapore economy

Singapore's industrial champions rewriting playbook amid pandemic, disruptive tech and climate change

Over the past two years, at least eight state-linked companies have announced major mergers, acquisitions, and more.

Broker's Calls

Analysts see strategic positives from MCT and MNACT merger

The transaction is currently subject to approval. MNACT’s delisting is slated to take place in mid-June.
MCT and MNACT to merge to form flagship commercial REIT, Mapletree Pan Asia Commercial Trust - THE EDGE SINGAPORE

REITs

MCT and MNACT to merge to form flagship commercial REIT, Mapletree Pan Asia Commercial Trust

Through the merger, MNACT unitholders will receive a scheme consideration of $1.1949 per unit.
Mapletree North Asia Commercial Trust, Mapletree Commercial Trust simultaneously request for trading halt - THE EDGE SINGAPORE

Company in the news

Mapletree North Asia Commercial Trust, Mapletree Commercial Trust simultaneously request for trading halt

Both REITs have simultaneously requested for a trading halt on Tuesday morning pending undisclosed announcement.
Mapletree Commercial Trust 'placed for recovery', stronger 2HFY22 anticipated: Maybank Kim Eng - THE EDGE SINGAPORE

Broker's Calls

Mapletree Commercial Trust 'placed for recovery', stronger 2HFY22 anticipated: Maybank Kim Eng

Maybank Kim Eng anticipates a better 2HFY22 underpinned by rising office demand and added traction from VivoCity's recovery.
LMIRT returns capital to perplexed investors in 3Q2021, MCT awaits open borders  - THE EDGE SINGAPORE

Right Timing

LMIRT returns capital to perplexed investors in 3Q2021, MCT awaits open borders

MCT firms after 1H2022 results. LMIRT's unitholders question the wisdom of DPU payouts from capital
'A year to forget' for retail S-REITs as restrictions drag on, with extensions 'highly likely': DBS - THE EDGE SINGAPORE

Broker's Calls

'A year to forget' for retail S-REITs as restrictions drag on, with extensions 'highly likely': DBS

“Going forward, measures will be reviewed fortnightly, and could be extended, which is highly likely in our view."
Analysts mostly neutral on Mapletree Commercial Trust’s 1QFY21/22 performance - THE EDGE SINGAPORE

Broker's Calls

Analysts mostly neutral on Mapletree Commercial Trust’s 1QFY21/22 performance

MCT's 1QFY21/22 NPI of $96.9 mil was in line with analysts' expectations.

Results

Mapletree Commercial Trust posts 23% higher NPI of $96.9 mil for 1QFY21/22

MCT says its performance was impacted by Covid-19 measures, though at a less severe magnitude compared to last year.
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