1. Singapore Stocks

  2. •

    Real Estate

  3. •

    REIT - Industrial
Mapletree Pan Asia Commercial Trust

Mapletree Pan Asia Commercial Trust

N2IU.SI
Mapletree Pan Asia Commercial TrustSG flagStock Exchange of Singapore
1.31
SGD
+0.02
- -
6.92BMarket Cap
Mapletree Pan Asia Commercial Trust
N2IU.SI
(Stock Exchange of Singapore)

Recent

price

1.31

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
0.07
0.1
0.11
0.12
0.13
0.13
0.14
0.14
0.15
0.15
0.14
0.14
0.17
0.17
0.16
- -
0.16
Revenue per Share
0.04
0.24
0.16
0.16
0.15
0.14
0.13
0.2
0.2
0.18
0.02
0.1
0.1
0.11
0.11
- -
0.11
Basic EPS, GAAP
0.04
0.05
0.08
0.09
0.1
0.1
0.11
0.12
0.12
0.12
0.11
0.11
0.13
0.14
0.12
- -
0.12
Free Cash Flow per Basic Share
- -
0.66
0.07
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
Dividend per Share
0.54
1
1.14
1.15
1.22
1.29
1.89
1.48
1.59
1.9
1.73
1.74
2.04
1.82
1.84
- -
1.84
Book Value per Share
0.54
0.99
1.13
1.15
1.22
1.29
1.52
1.48
1.59
1.89
1.72
1.74
2.05
1.81
1.83
- -
1.79
Tangible Book Value per Share
1,902
1,790
1,936
2,113
2,137
2,145
2,607
2,889
2,898
3,062
3,314
3,321
4,616
5,246
5,262
- -
5,265
Basic Weighted Avg Shares
136
187
212
257
269
275
364
415
425
467
463
475
776
896
845
808
828
Sales/Revenue/Turnover
61.09
62.38
66.08
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
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
1
1
1
1
Depreciation Expense
68
422
311
343
312
299
346
568
582
543
69
347
483
578
584
261
583
Net Income, GAAP
19.84
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
3.23
- -
- -
11.65
Effective Tax Rate (%)
49.94
225.49
146.74
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
Profit Margin (%)
-745
-9
-11
-325
-197
-342
-15
-179
-77
-192
20
-435
-689
-1,052
-482
-448
-199
Working Capital
- -
1,126
1,586
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
LT Debt
1,027
1,780
2,195
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
Total Equity
- -
- -
4.18
4.51
4.66
4.69
4.98
4.76
4.63
4.32
3.84
3.97
- -
4.01
- -
- -
- -
Return on Invested Capital (%)
- -
- -
9.83
9.48
8.34
7.99
6.75
8.97
9.57
7.85
1.45
4.58
- -
5.33
- -
- -
6.57
Return on Capital (%)
- -
29.96
15.58
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
Return on Common Equity (%)

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
6,361
6,577
6,634

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
- -
- -

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
- -
- -
Similar Companies
DCI Advisors Ltd (DCI.L)
Goodman Property Trust (GMT.NZ)
HomeCo Daily Needs REIT (HDNRF)
Care Property Invest S.A. (CPINV.BR)
Vgp N.V. (VGPBF)
ARA LOGOS Logistics Trust (K2LU.SI)
Business
Mapletree Pan Asia Commercial Trust is a Singapore-listed real estate investment trust focused on long-term investments in a diverse portfolio of income-generating commercial properties. Its mandate extends across key Asian gateway markets, encompassing retail, office, and business park assets in regions including Singapore, Hong Kong, China, Japan, and South Korea. The trust was formed in August 2022 through the strategic merger of Mapletree Commercial Trust and Mapletree North Asia Commercial Trust, expanding its geographical reach. MPACT’s portfolio currently consists of 17 commercial properties, which include prominent assets like VivoCity, Mapletree Business City in Singapore, and Festival Walk in Hong Kong. These properties collectively represent assets under management valued at approximately S$15.5 billion, offering a total lettable area of about 10.5 million square feet.