Mapletree Pan Asia Commercial Trust

Mapletree Pan Asia Commercial Trust

MPCMF
Mapletree Pan Asia Commercial TrustUS flagOther OTC
1.07
USD
- -
- -
5.63BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
0.12
0.13
0.13
0.14
0.14
0.15
0.15
0.14
0.14
0.17
0.17
0.16
0.15
0.16
Basic EPS, GAAP
0.16
0.15
0.14
0.13
0.2
0.2
0.18
0.02
0.1
0.1
0.11
0.11
0.05
0.11
Free Cash Flow per Basic Share
0.09
0.1
0.1
0.11
0.12
0.12
0.12
0.11
0.11
0.13
0.14
0.12
0.11
0.12
Dividend per Share
0.06
0.06
0.07
0.08
0.09
0.09
0.09
0.05
0.1
0.12
0.09
0.08
0.08
0.08
Book Value per Share
1.15
1.22
1.29
1.89
1.48
1.59
1.9
1.73
1.74
2.04
1.82
1.84
1.81
1.84
Tangible Book Value per Share
1.15
1.22
1.29
1.52
1.48
1.59
1.89
1.72
1.74
2.05
1.81
1.83
1.78
1.79
Basic Weighted Avg Shares
2,113
2,137
2,145
2,607
2,889
2,898
3,062
3,314
3,321
4,616
5,246
5,262
5,276
5,265
Sales/Revenue/Turnover
257
269
275
364
415
425
467
463
475
776
896
845
808
828
Operating Margin (%)
68.47
70.99
72.28
72.74
74.05
74.03
72.88
72.9
73.29
74.56
75.08
74.94
74.79
74.97
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
1
1
1
1
Net Income, GAAP
343
312
299
346
568
582
543
69
347
483
578
584
261
583
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
3.23
- -
- -
11.65
Profit Margin (%)
133.61
115.98
108.45
95.08
136.8
136.92
116.25
14.83
72.98
62.16
64.54
69.16
32.35
70.45
Working Capital
-325
-197
-342
-15
-179
-77
-192
20
-435
-689
-1,052
-482
-448
-199
LT Debt
1,249
1,358
1,197
2,330
2,186
2,300
2,848
2,960
2,544
6,029
5,624
5,551
5,049
5,679
Total Equity
2,426
2,617
2,764
3,957
4,283
4,616
5,787
5,709
5,794
9,482
9,471
9,625
9,393
9,441
Return on Invested Capital (%)
4.51
4.66
4.69
4.98
4.76
4.63
4.32
3.84
3.97
- -
4.01
- -
- -
- -
Return on Capital (%)
9.48
8.34
7.99
6.75
8.97
9.57
7.85
1.45
4.58
- -
5.33
- -
- -
6.57
Return on Common Equity (%)
14.83
12.38
11.11
8.99
12.32
13.09
10.42
1.19
6.04
6.36
6.1
6.07
2.71
6.06

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
1,030
447
234
LT Borrowings
4,933
5,551
5,679
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5,264
5,268
5,271
Market Capitalization
6,562
6,080
5,683

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
200
203
255
Cash, Cash Equivalents & STI
155
171
150
Accounts Receivable, Net
21
4
26
Inventories
- -
- -
- -
Total Current Liabilities
1,242
685
454
Payables & Accruals
- -
- -
- -
ST Debt
1,030
447
234
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
14.75%
12.85%
-2.41%
Free Cash Flow
12.62%
13.65%
-7.58%
Net Income, GAAP
39.88%
82.09%
-55.28%
Sales/Revenue/Turnover
12.89%
14.27%
-4.38%
Total Cash Common Dividend
16.54%
28.06%
-3.8%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
222
223
226
224
896
2025
221
209
207
208
845
2026
204
204
197
- -
808

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.02
0.02
0.05
0.11
2025
0.02
- -
0.02
0.08
0.11
2026
0.02
0.02
-0.01
- -
0.05

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.02
0.02
0.02
0.02
0.09
2025
0.02
0.02
0.02
0.02
0.08
2026
0.02
0.02
0.02
- -
0.08

Company Description

APIChat
CEO
Hwee Li Lim
Full Time Employees
429
Sector
Real Estate
Industry
REIT - Retail
Address
10 Pasir Panjang Road Singapore Singapore 117438
IPO Date
Jul 26, 2019
Business
Mapletree Pan Asia Commercial Trust (MPACT), listed on the Singapore Exchange under ticker N2IU (OTC: MPCMF), is a real estate investment trust that invests on a long-term basis in a diversified portfolio of income-producing commercial properties used primarily for office and retail purposes, as well as real estate-related assets, across key gateway markets in Asia including Singapore, Hong Kong, China, Japan and South Korea; its core assets encompass 15 premium-grade properties with a total lettable area of 10.4 million square feet and a valuation of S$15.9 billion, comprising four properties in Singapore such as VivoCity retail mall and Mapletree Business City business park, one in Hong Kong including Festival Walk mall, two in China, seven in Japan featuring office buildings like those in Makuhari, and one in South Korea with a 50% effective interest in The Pinnacle Gangnam mixed-use development. Headquartered in Singapore and founded in 2011 as Mapletree Commercial Trust, MPACT targets institutional tenants and businesses seeking quality commercial spaces in high-demand urban locations, delivering stable rental income and capital appreciation through active asset management by its sponsor Mapletree Investments Pte Ltd and property managers across regions. Recent developments include a July 2025 announcement to divest two office buildings in Japan to optimize the portfolio and strengthen its balance sheet, portfolio valuation growth of 1.4% year-on-year to S$16 billion as of FY2024/25 driven by Singapore asset revaluations offsetting overseas declines, and the issuance of 3.68 million new units in August 2025 to the manager for management fees, alongside ongoing strategic enhancements such as VivoCity asset enhancement initiatives and positive distribution per unit growth to S$0.0201 in Q2 FY2025.

Company News

APIChat
  • Mapletree Pan Asia Commercial Trust (MPCMF) Q4 2026 Earnings Call Transcript

  • Mapletree Pan Asia Commercial Trust (MPCMF) Q2 2026 Earnings Call Transcript

  • Mapletree Pan Asia Commercial Trust (MPCMF) Q4 2025 Earnings Call Transcript

  • Mapletree Pan Asia Commercial Trust (MPCMF) Q2 2025 Earnings Call Transcript