Mapletree Pan Asia Commercial Trust Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 26, 2023 at 05:31 am EDT
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Mapletree Pan Asia Commercial Trust reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was SGD 240.16 million compared to SGD 218.17 million a year ago. Net income was SGD 107.85 million compared to SGD 263.14 million a year ago. Basic earnings per share from continuing operations was SGD 0.0203 compared to SGD 0.0562 a year ago. Diluted earnings per share from continuing operations was SGD 0.0203 compared to SGD 0.0562 a year ago.
For the six months, sales was SGD 477.28 million compared to SGD 353.16 million a year ago. Net income was SGD 215.34 million compared to SGD 340.47 million a year ago. Basic earnings per share from continuing operations was SGD 0.0406 compared to SGD 0.0849 a year ago. Diluted earnings per share from continuing operations was SGD 0.0406 compared to SGD 0.0849 a year ago.
Mapletree Pan Asia Commercial Trust is a Singapore-based real estate investment trust. The Company's principal investment objective is to invest on a long-term basis, directly or indirectly, in a diversified portfolio of income-producing real estate used primarily for office and/or retail purposes, as well as real estate-related assets, in the markets of Asia, including but not limited to Singapore, China, Hong Kong, Japan and South Korea. The Company's portfolio comprises approximately 18 commercial properties across five markets of Asia, including five in Singapore, one in Hong Kong, two in China, nine in Japan and one in South Korea. Its portfolio consists of office, industrial, logistics, residential, retail, multifamily/serviced apartment, student accommodation, and mixed-use. Its Singapore properties include VivoCity, Mapletree Business City, mTower, Mapletree Anson and Bank of America HarbourFront. The Company is managed by MPACT Management Ltd (the Manager).