CashflowsThe sequential improvement in cashflows from Festival Walk implies that better times are ahead and with interest rates overhang tapering off, higher operating cashflows are likely to flow down to bottom line.
Portfolio OptimizationPortfolio optimisation to reposition in the next leg of growth, with recent divestment solidifying balance sheet position and improving interest coverage ratio.
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.