Mapletree Commercial Trust (MCT)

Mapletree Commercial Trust 'placed for recovery', stronger 2HFY22 anticipated: Maybank Kim Eng - THE EDGE SINGAPORE

Broker's Calls

Mapletree Commercial Trust 'placed for recovery', stronger 2HFY22 anticipated: Maybank Kim Eng

Maybank Kim Eng anticipates a better 2HFY22 underpinned by rising office demand and added traction from VivoCity's recovery.
LMIRT returns capital to perplexed investors in 3Q2021, MCT awaits open borders  - THE EDGE SINGAPORE

Right Timing

LMIRT returns capital to perplexed investors in 3Q2021, MCT awaits open borders

MCT firms after 1H2022 results. LMIRT's unitholders question the wisdom of DPU payouts from capital
'A year to forget' for retail S-REITs as restrictions drag on, with extensions 'highly likely': DBS - THE EDGE SINGAPORE

Broker's Calls

'A year to forget' for retail S-REITs as restrictions drag on, with extensions 'highly likely': DBS

“Going forward, measures will be reviewed fortnightly, and could be extended, which is highly likely in our view."
Analysts mostly neutral on Mapletree Commercial Trust’s 1QFY21/22 performance - THE EDGE SINGAPORE

Broker's Calls

Analysts mostly neutral on Mapletree Commercial Trust’s 1QFY21/22 performance

MCT's 1QFY21/22 NPI of $96.9 mil was in line with analysts' expectations.

Results

Mapletree Commercial Trust posts 23% higher NPI of $96.9 mil for 1QFY21/22

MCT says its performance was impacted by Covid-19 measures, though at a less severe magnitude compared to last year.
Analysts peg MCT's TP at $2.20 and above as the REIT heads for recovery - THE EDGE SINGAPORE

Broker's Calls

Analysts peg MCT's TP at $2.20 and above as the REIT heads for recovery

Units in MCT closed 1 cent higher or 0.5% up at $2.19 on April 30.
Mapletree Commercial Trust posts 18.6% growth in FY2020/2021 DPU of 9.49 cents - THE EDGE SINGAPORE

Results

Mapletree Commercial Trust posts 18.6% growth in FY2020/2021 DPU of 9.49 cents

This year’s DPU includes the release of $28.0 mil from the retained cash carried forward from 4QFY2019/2020.
PhillipCapital maintains 'overweight' on S-REITs, while DBS says investors should 'buy' S-REITs with growth potential - THE EDGE SINGAPORE

Broker's Calls

PhillipCapital maintains 'overweight' on S-REITs, while DBS says investors should 'buy' S-REITs with growth potential

The analysts have identified some of the REITs as their top picks including FCT, Ascendas REIT, CICT and MCT.
Mapletree Commercial Trust buoyed by shoppers at VivoCity, healthy balance sheet: analysts - THE EDGE SINGAPORE

Broker's Calls

Mapletree Commercial Trust buoyed by shoppers at VivoCity, healthy balance sheet: analysts

Despite the pandemic, VivoCity added new tenants, defining its position as a key destination mall.
Mapletree Commercial Trust reports 1.9% lower 3Q revenue; sees rebound in shopper traffic and tenant sales in update - THE EDGE SINGAPORE

Results

Mapletree Commercial Trust reports 1.9% lower 3Q revenue; sees rebound in shopper traffic and tenant sales in update

The declines were mainly due to the rental rebates granted to eligible tenants who were affected by Covid-19.
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