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Mapletree Commercial Trust 3Q results confound its critics

PC Lee
PC Lee1/24/2019 02:35 PM GMT+08  • 3 min read
Mapletree Commercial Trust 3Q results confound its critics
SINGAPORE (Jan 24): Naysayers who expect Mapletree Commercial Trust (MCT) to be de-rated given the threat of e-commerce hurting earnings at its key asset VivoCity should be made to eat their own words, say analysts.
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SINGAPORE (Jan 24): Naysayers who expect Mapletree Commercial Trust (MCT) to be de-rated given the threat of e-commerce hurting earnings at its key asset VivoCity should be made to eat their own words, say analysts.

This is because they have underestimated management’s ability to undertake asset enhancement initiatives (AEIs) to compete against other competing malls as well as online retailers.

According to a Thursday DBS Group Research report, the Temasek-owned mall operator and manager managed to achieve an ROI of over 10% from its recent asset enhancement initiatives (AEIs) and bonus 24,000 sf of GFA obtained by adding a library to the mall.

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