Interest Rate ImpactThe REIT remains one of the prime beneficiaries of an interest rate cut, especially when benchmark rates in Hong Kong and Singapore remain on a declining trend.
Rental PerformanceThe Singapore portfolio showed resiliency with strong positive rental reversion of 16.9% from VivoCity and stable occupancy at Mapletree Business City.
ValuationMapletree Pan Asia Commercial Trust (MPACT) is an undervalued quality S-REIT, with yields in excess of 6.0%, which is close to 1% higher spread compared to large cap S-REITs.