Mapletree Pan Asia Commercial Trust Redeems SG$117.8 Million of 3.50% Fixed-Rate Bonds on Maturity
June 2, 2023
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Mapletree Pan Asia ($SGX:N2IU) Commercial Trust (MPACT), a Singapore-based real estate investment trust, recently announced that it has fully redeemed SG$117.8 million worth of 3.50% fixed-rate bonds on their maturity date. This redemption was done by Mapletree North Asia Treasury, a unit of MPACT. It invests in commercial properties located in the Asia-Pacific region, with its focus on Singapore, Japan, South Korea, and China. It offers investors an attractive yield and capital appreciation potential.
Analysis
At GoodWhale, we recently conducted a comprehensive analysis of the financials of MAPLETREE PAN ASIA COMMERCIAL TRUST and concluded that it is a low risk investment in terms of financial and business aspects. This is based on our Risk Rating system which takes into account factors such as liquidity, leverage, and asset quality. Although this is generally good news, we did detect one risk warning in the balance sheet of MAPLETREE PAN ASIA COMMERCIAL TRUST which has the potential to affect the long-term health of the trust. If you would like to access this information, please become a registered user on our platform and we will provide you with the details. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for N2IU. More…
| Total Revenues | Net Income | Net Margin |
| 681.53 | 547.1 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for N2IU. More…
| Operations | Investing | Financing |
| 542.25 | -2.28k | 1.85k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for N2IU. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 16.92k | 7.32k | 1.83 |
Key Ratios Snapshot
Some of the financial key ratios for N2IU are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 73.7% |
| FCF Margin | ROE | ROA |
| – | – | – |
Peers
It operates in various countries, including Singapore, China, South Korea, Japan, and Vietnam. MAPACT is one of the biggest real estate investment trusts in Asia and competes with CapitaLand Integrated Commercial Trust, Champion Real Estate Investment Trust, and CapitaLand Ascott Trust. All four of these investment trusts focus on retail and office properties in the Asia-Pacific region with a primary focus on the Singapore market.
– CapitaLand Integrated Commercial Trust ($SGX:C38U)
CapitaLand Integrated Commercial Trust (CICT) is a Singapore-based real estate investment trust that invests primarily in income-producing commercial properties. As of 2022, CICT has a market cap of 13.4 billion Singapore dollars. The company’s portfolio consists of retail malls and office buildings, with a focus on real estate in Singapore. CICT is managed by CapitaLand Investment Management, a subsidiary of CapitaLand Limited, one of Asia’s largest diversified real estate groups. CICT has become a major player in the Singaporean commercial property market, thanks to its strong portfolio and established track record of delivering strong returns to its investors.
– Champion Real Estate Investment Trust ($SEHK:02778)
Champion Real Estate Investment Trust is a real estate investment trust (REIT) listed on the Hong Kong Stock Exchange. It has a market cap of 17.2 billion as of 2022, making it one of the largest REITs in Hong Kong. The company invests in office, retail and industrial properties in major cities across Asia, including Hong Kong, Singapore, Tokyo, Seoul, Shanghai and Sydney. It is known for its high-quality assets and its ability to generate stable returns for investors. The trust is managed by Champion Asset Management Limited and its board is chaired by Mr. Chen Tair-jinn.
– CapitaLand Ascott Trust ($SGX:HMN)
CapitaLand Ascott Trust is a hospitality real estate investment trust that owns and manages a portfolio of serviced residences and hotel properties in key cities across the Asia-Pacific, Europe, the Middle East and Africa. With a market capitalization of 3.51 billion, CapitaLand Ascott Trust is one of the largest serviced residence owners in the world. Its portfolio comprises more than 110,000 units located within over 300 properties in over 80 cities. It partners with some of the world’s most renowned hospitality brands such as Ascott, Citadines, Somerset, Quest, lyf and Adina Apartment Hotels. The trust’s business model is to acquire income-producing properties, refurbish them and optimise them to generate long-term returns for its shareholders.
Summary
Mapletree Pan Asia Commercial Trust (MAPLETREE) has recently redeemed about SG$117.8 million worth of 3.50% fixed-rate bonds on maturity. This comes as a sign of MAPLETREE’s financial stability, as the company was able to pay off its debt in full.
Additionally, this may be seen as an opportunity for investors, as the company is now collecting the full benefits from its assets. MAPLETREE’s portfolio consists of high quality properties in leading cities in Asia, making it an attractive investment option. Investors can also benefit from MAPLETREE’s long-term earnings growth potential, as the trust is well-positioned to capitalize on positive market conditions. Additionally, MAPLETREE’s stable income stream provides a steady cash flow to investors over the long-term. Overall, MAPLETREE is an attractive investment option for those looking for a solid and reliable investment with good returns potential over the long term.
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