- The REIT is expected to deliver positive DPU growth for FY 2021, thanks to the release of distributable income previously retained and the recovery in tenant sales and shopper traffic.
- Acquisitions are likely to take a backseat for now, as Mapletree Commercial Trust continues to focus on its home market and the lack of attractive targets at reasonable valuations.
- Mapletree Commercial Trust trades at 1.04 times P/B, and it offers a consensus forward FY 2022 (YE March) distribution yield of 5.4%.
For further details see:
Mapletree Commercial Trust: Awaiting More Visibility On Future Acquisitions