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EN
Mapletree PanAsia Com Tr – 1st quarter results is out. Gross revenue is down 5.6 percent to 206m. NPI is down 6.8 percent to 154m. DPU is down 2.5% to 1.96 cents
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TheFinance.sg
• Singapore gross revenue and NPI up 2.1% and 1.0% yoy.
• Portfolio rental reversion healthy at 4.3%.
• Singapore portfolio remains resilient; MBC backfilling progresses, with a key committed lease to commence later this year.
• VivoCity delivers 8.9% higher NPI, 13.5% rental reversion, near-full committed occupancy and 4.9% yoy tenant sales growth.
• Festival Walk records 4.0% yoy tenant sales growth; 18,800 square feet reconfiguration completed and operational.