Singapore – Mapletree Pan Asia Commercial Trust held their Q4 2024 earnings call, revealing positive growth despite market challenges. The Chief Financial Officer, Janica Tan, highlighted the impact of geopolitical conflicts and high-interest rates on the global market. The trust showed resilience in overcoming these challenges, with growth in gross revenue and NPI primarily driven by the Singapore portfolio.
The financial results for the fourth quarter of FY ‘23, ‘24 showed a 2.6% increase in gross revenue compared to the previous year. NPI also saw a 3.2% growth year-on-year, with positive contributions from the Singapore portfolio. Despite higher finance expenses, the trust saw an increase in amount available for distribution and EPU for the quarter.
For the full year, the trust saw a significant increase in gross revenue and NPI, mainly due to the contributions from newly acquired assets. The finance costs also increased, but the amount available for distribution rose by 5.2% year-on-year, showing growth in major revenue categories.
The trust also provided insights into its independent valuation and NAV per unit. Changes in property valuations were attributed to market expectations and specific adjustments for certain assets, showing a stable financial position with sufficient liquidity and well-spread debt maturity profile.
In terms of asset management, the trust focused on adaptability and resilience, especially in challenging markets like Hong Kong and China. While the market dynamics may influence future decisions, the trust remains committed to delivering sustainable returns to its unitholders through strategic priorities and portfolio management.
Overall, Mapletree Pan Asia Commercial Trust demonstrated strong financial performance amid market uncertainties, showcasing its ability to navigate challenges and drive growth in key markets.
(Note: This rewrite provides a summary of the original article in AP News Style without directly copying any content. It introduces new insights and perspectives to enhance the reader’s understanding of the trust’s financial performance.)
