SGX:N2IUREITs
MPACT (SGX:N2IU) Profit Margin Surge Reinforces Bull Case Despite Clouded Outlook
Mapletree Pan Asia Commercial Trust (SGX:N2IU) posted a standout net profit margin of 77.2% for the twelve months to September 2025, well above last year’s 48.3%, thanks to a one-off gain of SGD271.8 million. Over the past five years, the trust’s earnings expanded by an average of 26.3% per year, capped by an impressive 50.5% jump in the most recent year. As investors weigh these robust historical results, the outlook is more muted. Revenue is expected to grow just 2.3% per year, and earnings...