Mapletree Pan Asia Commercial Trust Remains a Play on Commercial Properties -- Market Talk

Dow Jones

Jan 31

0307 GMT - Mapletree Pan Asia Commercial Trust remains a pan-Asian play on commercial properties, UOB Kay Hian's Jonathan Koh says in a research report. The REIT's VivoCity continues to benefit from the recovery in tourism and expansion at Resorts World Sentosa, the analyst says. Its Mapletree Business City should see progressive backfilling of vacant space, with an anchor tenant from the banking sector having recently renewed its lease there. However, the brokerage trims its FY 2025-2026 distribution-per-unit forecasts by 1% on expectations of lower occupancies for the REIT's Gateway Plaza in Beijing and Sandhill Plaza in Shanghai. The brokerage trims the target price to S$1.60 from S$1.71 but maintains the REIT's buy rating. Units are 0.8% lower at S$1.21. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

January 30, 2025 22:07 ET (03:07 GMT)

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The REIT's VivoCity continues to benefit from the recovery in tourism and expansion at Resorts World Sentosa, the analyst says. Its Mapletree Business City should see progressive backfilling of vacant space, with an anchor tenant from the banking sector having recently renewed its lease there. However, the brokerage trims its FY 2025-2026 distribution-per-unit forecasts by 1% on expectations of lower occupancies for the REIT's Gateway Plaza in Beijing and Sandhill Plaza in Shanghai. The brokerage trims the target price to S$1.60 from S$1.71 but maintains the REIT's buy rating. Units are 0.8% lower at S$1.21. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 30, 2025 22:07 ET (03:07 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mapletree Pan Asia Commercial Trust Remains a Play on Commercial Properties -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMapletree Pan Asia Commercial Trust Remains a Play on Commercial Properties -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-01-31 11:07</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0307 GMT - Mapletree <a href=\"https://laohu8.com/S/PAS.AU\">Pan Asia</a> Commercial Trust remains a pan-Asian play on commercial properties, UOB Kay Hian's Jonathan Koh says in a research report. The REIT's VivoCity continues to benefit from the recovery in tourism and expansion at Resorts World Sentosa, the analyst says. Its Mapletree Business City should see progressive backfilling of vacant space, with an anchor tenant from the banking sector having recently renewed its lease there. However, the brokerage trims its FY 2025-2026 distribution-per-unit forecasts by 1% on expectations of lower occupancies for the REIT's Gateway Plaza in Beijing and Sandhill Plaza in Shanghai. The brokerage trims the target price to S$1.60 from S$1.71 but maintains the REIT's buy rating. Units are 0.8% lower at S$1.21. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 30, 2025 22:07 ET (03:07 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6072","symbol_name":"多样化房地产投资信托v","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2507818789","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2507818789","pubTimestamp":1738292820,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0307 GMT - Mapletree Pan Asia Commercial Trust remains a pan-Asian play on commercial properties, UOB Kay Hian's Jonathan Koh says in a research report. The REIT's VivoCity continues to benefit from the recovery in tourism and expansion at Resorts World Sentosa, the analyst says. Its Mapletree Business City should see progressive backfilling of vacant space, with an anchor tenant from the banking sector having recently renewed its lease there. However, the brokerage trims its FY 2025-2026 distribution-per-unit forecasts by 1% on expectations of lower occupancies for the REIT's Gateway Plaza in Beijing and Sandhill Plaza in Shanghai. The brokerage trims the target price to S$1.60 from S$1.71 but maintains the REIT's buy rating. Units are 0.8% lower at S$1.21. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6072":"多样化房地产投资信托v","N2IU.SI":"丰树商业信托","CFA.SI":"NikkoAM-STC Asia REIT","BK6137":"零售房地产信托","BK6011":"零售业房地产投资信托","BK6512":"房地产股"},"translate_title":"丰树泛亚商业信托仍然涉足商业地产——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CFA.SI":0.9,"N2IU.SI":1},"content_text":"0307 GMT - Mapletree Pan Asia Commercial Trust remains a pan-Asian play on commercial properties, UOB Kay Hian's Jonathan Koh says in a research report. The REIT's VivoCity continues to benefit from the recovery in tourism and expansion at Resorts World Sentosa, the analyst says. Its Mapletree Business City should see progressive backfilling of vacant space, with an anchor tenant from the banking sector having recently renewed its lease there. However, the brokerage trims its FY 2025-2026 distribution-per-unit forecasts by 1% on expectations of lower occupancies for the REIT's Gateway Plaza in Beijing and Sandhill Plaza in Shanghai. The brokerage trims the target price to S$1.60 from S$1.71 but maintains the REIT's buy rating. Units are 0.8% lower at S$1.21. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 30, 2025 22:07 ET (03:07 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}