Interest RatesThe REIT remains one of the prime beneficiaries of an interest rate cut, especially when benchmark rates in HK and SG remain on a declining trend.
Rental PerformanceThe Singapore portfolio provided resiliency with strong positive rental reversion of 16.9% from VivoCity and stable occupancy at MBC.
ValuationMapletree Pan Asia Commercial Trust (MPACT) is an undervalued quality S-REIT, with yields in excess of 6.0%, which is close to 1% higher spread vs large cap S-REITs.