Improved Operational Efficiency
Operating expenses improved by 4.9% year-on-year due to the divestment of Mapletree Anson and lower utility costs, particularly in the Singapore portfolio.
Portfolio Valuation Uplift
Excluding the Mapletree Anson divestment, the portfolio valuation rose SGD 339.4 million or 2.2% from the previous year.
Singapore Properties Performance
Contribution from Singapore properties increased by 1.4% year-on-year, accounting for about 53% of the fourth quarter's portfolio gross revenue and NPI.
Improved Aggregate Leverage Ratio
Aggregate leverage ratio improved from 40.5% a year ago to 37.7% as at 31st March 2025, due to the reduction in outstanding borrowings.
Successful Green Bond Issuance
MPACT issued a seven-year green bond in March 2025, extending the average term of debt maturity to 3.3 years.