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Mapletree Commercial Trust (SG:N2IU)
:N2IU
RESEARCH TOOLSreports
Earnings Data
Report Date
Aug 05, 2025TBA Not Confirmed
Period Ending
2026 (Q1)Consensus EPS Forecast
0.02Last Year’s EPS
0.02Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Apr 24, 2025
|% Change Since: 0.00%
|Next Earnings Date:Aug 05, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted stable contributions from Singapore and improved capital management, but faced significant challenges with declining revenues, lower DPU, and negative rental reversions in overseas markets.Company Guidance
In the recent analyst briefing for Mapletree Pan Asia Commercial Trust (MPACT), several key financial metrics for the fourth quarter and full fiscal year of 2024-2025 were highlighted. The gross revenue for the fourth quarter was SGD 222.9 million, marking a 6.8% decrease year-on-year, while net property income (NPI) was SGD 169.5 million, down 7.4%. The declines were attributed to the absence of contributions from Mapletree Anson following its divestment and lower overseas contributions. Operating expenses improved by 4.9%, and net finance expenses decreased by 9.4% to SGD 61.1 million due to reduced borrowings. The amount available for distribution was SGD 103.6 million, resulting in a distribution per unit (DPU) of SGD 0.0195, reflecting a 14.8% year-on-year decline. For the full year, MPACT reported a gross revenue of SGD 908.8 million and an NPI of SGD 683.5 million, which were lower by 5.1% and 6.1% respectively. The overall portfolio valuation rose to approximately SGD 16 billion, and the net asset value (NAV) per unit increased by 1.7% to SGD 1.78. The aggregate leverage ratio improved to 37.7% from 40.5% the previous year, supported by the divestment proceeds and a seven-year green bond issuance. MPACT maintained a financial flex of SGD 1.2 billion in cash and undrawn committed facilities, ensuring sufficient liquidity for its obligations. The fixed-rate debt portion was reduced to 79.9%, with a potential impact on DPU of SGD 0.001 per annum for every 50 basis points change in benchmark rates. The total return from capital and dividend payout for the year was 3.9%, with VivoCity's next distribution set for June 6, 2025.Singapore Portfolio Stability
Singapore properties contribution increased by 1.4% year-on-year, excluding Mapletree Anson, accounting for about 53% of fourth quarter’s portfolio gross revenue and NPI.
Improved Capital Management
Aggregate leverage ratio improved from 40.5% a year ago to 37.7% as of 31st March 2025, aided by the divestment of Mapletree Anson.
Positive Rental Reversions in Key Segments
Healthy rental reversions were observed in Singapore properties like MBC, VivoCity, and mTower.
Successful Green Bond Issuance
MPACT issued a seven-year green bond in March 2025, extending the average term of the maturity of debt to 3.3 years.
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SG:N2IU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SG:N2IU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Apr 24, 2025 | S$1.22 | S$1.22 | 0.00% |
| Jan 23, 2025 | S$1.16 | S$1.17 | +0.86% |
| Oct 24, 2024 | S$1.38 | S$1.36 | -0.73% |
| Jul 30, 2024 | S$1.23 | S$1.23 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mapletree Commercial Trust (SG:N2IU) report earnings?
Mapletree Commercial Trust (SG:N2IU) is schdueled to report earning on Aug 05, 2025, TBA Not Confirmed.
What is Mapletree Commercial Trust (SG:N2IU) earnings time?
Mapletree Commercial Trust (SG:N2IU) earnings time is at Aug 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Mapletree Commercial Trust stock?
The P/E ratio of Mapletree Commercial is N/A.
What is SG:N2IU EPS forecast?
SG:N2IU EPS forecast for the fiscal quarter 2026 (Q1) is 0.02.
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