Asset PerformanceVivoCity registered stellar double-digit positive rental reversion of 16.8% and maintained high occupancy of 99.3%.
Interest RatesThe REIT remains one of the prime beneficiaries of an interest rate cut, especially when benchmark rates in HK and SG remain on a declining trend.
ValuationMapletree Pan Asia Commercial Trust is an undervalued quality S-REIT, with yields in excess of 6.0%, which is close to 1% higher spread vs large cap S-REITs.