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Mapletree Pan Asia Commercial Trust 2Q FY26/27 Results Presentation

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Mapletree Pan Asia Commercial Trust (MPACT) 2Q & 1H FY26/27 financial results presentation, lodged with SGX (Singapore Exchange) via SGXNET on 30 October 2026. It reports 2Q distribution per unit (DPU) of 1.94 Singapore cents (-3.5% yoy) and 1H DPU of 3.90 cents, net property income (NPI) of S$153.5 million (S$ = Singapore dollars) in 2Q (-6.3%), finance expenses down 10.1% in 2Q, aggregate leverage of 38.1%, committed occupancy of 85.6% and VivoCity 1H rental reversion of +15.0%. Mapletree's financial year runs April to March, so FY26/27 is 1 April 2026 to 31 March 2027; 2Q FY26/27 covers July to September 2026 and 1H covers April to September 2026.

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Kiirnavigatsioon

Sildid

Investor presentation
REIT results presentation
Singapore REIT
S-REIT
MPACT

Jaga slaide

Kirjeldus

Peateema

Mapletree Pan Asia Commercial Trust (MPACT) 2Q & 1H FY26/27 financial results presentation, lodged with SGX (Singapore Exchange) via SGXNET on 30 October 2026. It reports 2Q distribution per unit (DPU) of 1.94 Singapore cents (-3.5% yoy) and 1H DPU of 3.90 cents, net property income (NPI) of S$153.5 million (S$ = Singapore dollars) in 2Q (-6.3%), finance expenses down 10.1% in 2Q, aggregate leverage of 38.1%, committed occupancy of 85.6% and VivoCity 1H rental reversion of +15.0%. Mapletree's financial year runs April to March, so FY26/27 is 1 April 2026 to 31 March 2027; 2Q FY26/27 covers July to September 2026 and 1H covers April to September 2026.

Peamised eelised

  • •Complete half-year REIT results pack in 65 pages: income statements, balance sheet, capital management, distribution timetable, portfolio metrics, market data and asset fact sheets
  • •Clear 2Q and 1H year-on-year comparison tables with gross revenue, NPI, finance expenses, distributable income and DPU
  • •Property-by-property contribution analysis for Mapletree Business City, VivoCity, Festival Walk, China, Japan and Korea assets
  • •Risk-based capital management view: debt maturity profile, currency mix, hedging, interest coverage sensitivities
  • •Appendix of Colliers-sourced market information for Singapore, Hong Kong, Beijing, Shanghai, Greater Tokyo and Seoul
  • •Sustainability section covering green targets, Net Zero by 2050 roadmap and 2026 GRESB results

Sihtrühm

  • •Equity and credit analysts covering Singapore REITs and Asian commercial real estate
  • •REIT investors and unitholders tracking MPACT distributions and portfolio performance
  • •Investor relations teams preparing REIT or real-estate results decks
  • •Presentation designers and finance teams who need a structured results-deck template
  • •Students and researchers studying S-REIT reporting practice

Kasutusjuhud

  • •Reviewing MPACT's 2Q and 1H FY26/27 operating and financial performance before an investment decision
  • •Benchmarking MPACT's occupancy, rental reversion, leverage and cost of debt against other S-REITs
  • •Using the deck structure (highlights, financials, portfolio, sustainability, outlook, appendices) as a template for a REIT half-year results presentation
  • •Building a market overview appendix with rent, occupancy and supply tables per city
  • •Teaching how a listed trust presents distribution timetables, capital management and valuation disclosures

Ainulaadsed väärtuspakkumised

  • •A full 65-page, SGX-lodged REIT results deck with real figures across five gateway markets in Asia
  • •Consistent corporate design: white slides, teal table headers, orange subtitles and full-bleed property photo dividers
  • •Combines financial tables, stacked contribution charts, KPI tiles, maps, supply tables and asset fact sheets in one reusable structure
  • •Available as a downloadable PPTX conversion as well as the original PDF, so the layouts can be adapted for your own REIT or real-estate reporting

Slaidilehed (65)

Iga slaidilehe üksikasjalik vaade, sealhulgas paigutus, põhisisu ja visuaalsed elemendid.

Leht 1
title slide

Cover: 2Q & 1H FY26/27 Financial Results

Sisu

Title slide for Mapletree Pan Asia Commercial Trust, 2Q & 1H FY26/27 Financial Results, dated 30 October 2026.

Paigutuse struktuur

Full-bleed collage of property photos (VivoCity centre, Festival Walk, Mapletree Business City, Japan and China towers) with title block and logo overlay.

Peamised visuaalsed elemendid

  • •Property photo collage
  • •Trust logo
  • •Title and date block
Leht 2
disclaimer

Important Notice

Sisu

Disclaimer stating units are not obligations of the Manager (MPACT Management Ltd.) or DBS Trustee and trade on the SGX-ST. It tells readers to read the deck with the SGXNET announcement of 30 October 2026 for the period 1 April to 30 September 2026, with a QR code to investor.mapletreepact.com/financial-results.html.

Paigutuse struktuur

Text-heavy legal disclaimer in dense paragraphs with a QR code to the investor relations page.

Peamised visuaalsed elemendid

  • •QR code
  • •Legal text blocks
  • •Logo top-right
Leht 3
agenda

Contents

Sisu

Agenda listing Key Highlights (p4), Financial Performance (p7), Portfolio Highlights (p17), Commitment to Sustainability (p30), Outlook (p33), Appendix 1 Market Information (p36) and Appendix 2 Other Asset Information (p55).

Paigutuse struktuur

Numbered section list with page references beside decorative maple-leaf artwork.

Peamised visuaalsed elemendid

  • •Maple-leaf artwork
  • •Section list with page numbers
  • •Teal accent bar
Leht 4
section divider

Section Divider: Key Highlights

Sisu

Divider introducing the Key Highlights section, illustrated with the VivoCity 20 Years installation photo.

Paigutuse struktuur

Full-bleed photograph with section title overlay.

Peamised visuaalsed elemendid

  • •VivoCity 20 Years installation photo
  • •Section title
Leht 5
KPI dashboard

Key Highlights: KPI Tiles

Sisu

KPI tiles show 2Q DPU of 1.94 Singapore cents, NAV per unit of S$1.73, aggregate leverage of 38.1% and weighted all-in cost of debt of 2.95% p.a. Also shown are AUM of S$15.3bn across 15 commercial properties in five gateway markets (including 50% of The Pinnacle Gangnam), committed occupancy of 85.6%, WALE of 2.3 years and rental reversion of +3.5%.

Paigutuse struktuur

Grid of large-number KPI tiles with short labels under each figure.

Peamised visuaalsed elemendid

  • •KPI tiles
  • •Large numerals
  • •Teal and orange accents
Leht 6
executive summary

Key Highlights: Commentary

Sisu

Finance expenses fell 10.1% in 2Q and 14.4% in 1H on lower rates and debt reduction from FY25/26 divestment proceeds, while DPU of 1.94 cents (2Q) and 3.90 cents (1H) were lower yoy. Leverage was 38.1% with ICR of 3.3x, occupancy rose 1.2pp qoq to 85.6%, VivoCity NPI rose 5.0% in 2Q and 6.9% in 1H with 1H reversion of +15.0%, and MPACT was named a GRESB 2026 Sector Leader.

Paigutuse struktuur

Bulleted text slide grouped by theme (capital management, occupancy, VivoCity, Festival Walk, sustainability).

Peamised visuaalsed elemendid

  • •Grouped bullet commentary
  • •Bold key figures
  • •Orange subheadings
Leht 7
section divider

Section Divider: Financial Performance

Sisu

Divider introducing the Financial Performance section with a glass fish sculpture at Mapletree Business City.

Paigutuse struktuur

Full-bleed photograph with section title overlay.

Peamised visuaalsed elemendid

  • •Glass fish sculpture photo
  • •Section title
Leht 8
financial table

2Q FY26/27 vs 2Q FY25/26 Results

Sisu

Gross revenue was S$207,483k vs S$218,486k (-5.0%), NPI S$153,543k vs S$163,904k (-6.3%), finance expenses S$42,558k vs S$47,350k (-10.1%), distributable amount S$103,074k vs S$106,205k (-2.9%) and DPU 1.94 vs 2.01 cents (-3.5%). Drivers include the FJM non-renewal, China macro, Hong Kong retail and the divested TSI, ASY and Festival Walk Tower, with Singapore revenue +0.3%.

Paigutuse struktuur

Financial table with teal header and variance column, plus a commentary panel on the drivers.

Peamised visuaalsed elemendid

  • •Income statement table
  • •Variance percentages
  • •Footnotes on divestments
Leht 9
stacked bar chart

2Q Gross Revenue and NPI Contribution

Sisu

On a comparable basis gross revenue moved from S$216.9m to S$210.5m and NPI from S$162.9m to S$155.8m. VivoCity grew (revenue 62.3 to 66.0, NPI 46.4 to 48.8) while China (18.6 to 15.5) and Japan (14.4 to 11.2) revenue declined; core assets contributed 58% of revenue and 60% of NPI.

Paigutuse struktuur

Two stacked bar charts (revenue and NPI) comparing the two periods, with segment labels and a callout on core assets.

Peamised visuaalsed elemendid

  • •Stacked bar charts
  • •Segment data labels
  • •Core asset share callout
Leht 10
financial table

1H FY26/27 vs 1H FY25/26 Results

Sisu

1H gross revenue was S$413,945k vs S$437,102k (-5.3%), NPI S$308,317k vs S$329,894k (-6.5%), finance expenses S$83,434k vs S$97,448k (-14.4%), distributable amount S$207,276k vs S$212,974k (-2.7%) and DPU 3.90 vs 4.02 cents (-3.0%). Singapore revenue grew 1.2%, while constant-currency revenue fell 4.9% and NPI 6.4%.

Paigutuse struktuur

Financial table with teal header and variance column, with commentary notes below.

Peamised visuaalsed elemendid

  • •Half-year income statement table
  • •Variance column
  • •Constant currency note
Leht 11
stacked bar chart

1H Contribution and Geographic Mix

Sisu

1H gross revenue moved from S$433.4m to S$419.9m and NPI from S$327.5m to S$312.8m on a comparable basis, with VivoCity revenue up 7.5% and NPI up 6.9%. By market, revenue was Singapore 66%, Hong Kong 19%, China 8%, Japan 5% and Korea 1%; core assets were 58% of revenue and 59% of NPI.

Paigutuse struktuur

Stacked bar charts for revenue and NPI plus market-share donut or percentage breakdown.

Peamised visuaalsed elemendid

  • •Stacked bars by asset
  • •Geographic share percentages
  • •VivoCity growth callout
Leht 12
financial table

Balance Sheet

Sisu

At 30 September 2026, investment properties were S$15,021,114k, total assets S$15,389,737k, net borrowings S$5,772,164k and net assets S$9,172,344k, with perpetual securities down to nil after the S$250m redemption. NAV per unit was S$1.73 on 5,291,445k units, and a S$200m fixed-rate note was issued in June 2026.

Paigutuse struktuur

Two-column balance sheet table (30 Sep 2026 vs 31 Mar 2026) with teal header and footnotes.

Peamised visuaalsed elemendid

  • •Balance sheet table
  • •Perpetual securities line
  • •Footnotes
Leht 13
data table

Capital Management

Sisu

Gross debt was S$5,913.4m at 30 Sep 2026, aggregate leverage 38.1% (37.7% at 30 Jun 2026; 37.6% a year ago), ICR 3.3x, cost of debt 2.95% (3.23% a year ago), fixed-rate share 71.8% and term to maturity 3.2 years. Moody's rating is Baa2 (negative) throughout and debt/NAV is 64.5%.

Paigutuse struktuur

Three-period comparison table with teal header (30 Sep 26, 30 Jun 26, 30 Sep 25).

Peamised visuaalsed elemendid

  • •Capital management table
  • •Rating row
  • •Three period columns
Leht 14
stacked bar chart

Risk-Based Capital Management

Sisu

Gross debt is S$5.9bn with about S$0.6bn liquidity; ICR is 3.3x, 3.0x if EBITDA falls 10% and 2.5x if rates rise 100bps. Debt by currency is SGD 61%, HKD 16%, JPY 13%, RMB 7% and KRW 2%, and maturities run from S$256m in FY26/27 to S$400m in FY33/34 (peak S$1,323m in FY29/30).

Paigutuse struktuur

Multi-panel slide with currency pie charts, AUM by geography and a debt maturity bar chart.

Peamised visuaalsed elemendid

  • •Debt maturity bar chart
  • •Currency pie charts
  • •ICR sensitivity figures
Leht 15
data chart

Interest Rate and Currency Hedging

Sisu

72% of debt is fixed and 28% floating (SGD 15, HKD 5, JPY 4, RMB 3, KRW 1), and a 50bps rate change equals 0.14 cents of DPU p.a. About 94% of distributable income is in SGD or hedged (SGD 80, hedged 15, unhedged 6).

Paigutuse struktuur

Two donut charts (debt mix and income currency exposure) with sensitivity callout.

Peamised visuaalsed elemendid

  • •Donut charts
  • •DPU sensitivity callout
  • •Hedging percentages
Leht 16
data table

Distribution Details

Sisu

Distribution for 1 July to 30 September 2026 is 1.94 cents per unit, with notice on 30 October, cum date 5 November, ex-date 6 November 2026 at 9am, record date 10 November at 5pm and payment on 16 December 2026.

Paigutuse struktuur

Compact table of distribution period, rate and key dates in teal and orange.

Peamised visuaalsed elemendid

  • •Distribution timetable
  • •Date list
  • •Rate highlight
Leht 17
section divider

Section Divider: Portfolio Highlights

Sisu

Divider introducing the Portfolio Highlights section with a Mapletree Business City photo.

Paigutuse struktuur

Full-bleed photograph with section title overlay.

Peamised visuaalsed elemendid

  • •Mapletree Business City photo
  • •Section title
Leht 18
KPI dashboard

Portfolio Highlights 1H FY26/27

Sisu

Committed occupancy was 85.6% with rental reversion of 3.5% and 479,613 sq ft of retail plus 1,734,792 sq ft of office/business park space renewed or re-let, for 74.0% tenant retention. VivoCity tenant sales rose 4.1% and traffic 1.1%; Festival Walk sales rose 3.9% and traffic 6.7%.

Paigutuse struktuur

Summary KPI panels for portfolio, VivoCity and Festival Walk.

Peamised visuaalsed elemendid

  • •KPI panels
  • •Retention figure
  • •Retail performance metrics
Leht 19
data table

Committed Occupancy

Sisu

Portfolio committed occupancy was 85.6% vs 84.4% at 30 Jun 2026 and 88.9% a year ago. MBC reached 95.4%, VivoCity 100%, Festival Walk 99.9%, China 84.5% and Japan 57.5% (impacted by FJM), with The Pinnacle Gangnam at 99.9%.

Paigutuse struktuur

Occupancy table by asset with three period columns and notes on BOAHF and mTower.

Peamised visuaalsed elemendid

  • •Occupancy table
  • •Three period columns
  • •Asset footnotes
Leht 20
data table

Rental Reversion

Sisu

Across 231 leases covering 1,292.5k sq ft, retention was 74.0% and reversion +3.5%. VivoCity achieved +15.0% (83 leases), Pinnacle +32.7%, MBC +1.4%, Japan +2.4%, while Festival Walk was -15.6% and China -29.9%.

Paigutuse struktuur

Table of leases, retention, area and reversion per asset with total row, teal header.

Peamised visuaalsed elemendid

  • •Reversion table
  • •Positive and negative reversion figures
  • •Total row
Leht 21
stacked bar chart

Lease Expiry Profile

Sisu

Portfolio WALE is 2.3 years (1.9 years on a commencement basis), with retail at 1.9 and office/business park at 2.7 years. By gross rental income, retail/office expiries are 4.9%/7.2% in FY26/27, 16.8%/9.7% in FY27/28 and 4.7%/13.5% in FY30/31 and beyond.

Paigutuse struktuur

Clustered bar chart of expiry by year split by retail and office, with WALE figures.

Peamised visuaalsed elemendid

  • •Lease expiry bar chart
  • •WALE callouts
  • •Retail vs office split
Leht 22
asset performance panels

Office and Business Park Assets

Sisu

Four panels cover Singapore (95.4% occupancy, retention 81.0%/81.6%, reversion 1.4%/5.5%), China (84.5%, -29.9% reversion), Japan (about 6% of AUM, 57.5% occupancy, 2.4% reversion) and Korea (99.9%, 32.7% reversion).

Paigutuse struktuur

Four-panel layout, one per market, each with occupancy, retention, reversion and lease-expiry metrics.

Peamised visuaalsed elemendid

  • •Four market panels
  • •Metric tiles
  • •Lease expiry figures
Leht 23
asset performance panels

Retail Assets

Sisu

VivoCity had 100% occupancy, retention of 73.3% and reversion of +15.0%, while Festival Walk had 99.9% occupancy, retention of 56.7% and reversion of -15.6%.

Paigutuse struktuur

Two-panel comparison of VivoCity and Festival Walk with metric tiles.

Peamised visuaalsed elemendid

  • •Two asset panels
  • •Metric tiles
  • •Lease expiry figures
Leht 24
bar chart

VivoCity Traffic and Tenant Sales

Sisu

1H traffic rose from 21.9m to 22.1m (+1.1%) and tenant sales from S$519.1m to S$540.5m (+4.1%); 2Q tenant sales were S$273.7m vs S$264.9m. Circle Line Stage 6 opened on 12 July 2026 and HarbourFront Centre closed on 27 July 2026.

Paigutuse struktuur

Paired bar charts for traffic and sales by quarter with event notes.

Peamised visuaalsed elemendid

  • •Traffic bar chart
  • •Sales bar chart
  • •Event notes
Leht 25
photo gallery

VivoCity Trade Remixing

Sisu

New tenants include Bake it Babe, Bee Cheng Hiang, Mister Mobile and Tissot, while Burberry beauty boutique, MUJI, PUMA and Typo have been rejuvenated.

Paigutuse struktuur

Photo grid of storefronts labelled new and rejuvenated.

Peamised visuaalsed elemendid

  • •Storefront photos
  • •New vs rejuvenated labels
Leht 26
photo gallery

VivoCity Events and Marketing

Sisu

Highlights include the Sanrio Characters Moonlit Garden x TANGS Mid-Autumn Fair 2026 (25 August to 27 September) and Sky Park lanterns, supported by press coverage.

Paigutuse struktuur

Event photo collage with press clipping montage.

Peamised visuaalsed elemendid

  • •Event photos
  • •Press coverage collage
Leht 27
bar chart

Festival Walk Traffic and Tenant Sales

Sisu

1H traffic rose from 15.6m to 16.6m (+6.7%), with 2Q traffic up 10.3% (8.0m to 8.8m). Tenant sales grew from HK$1,696.4m to HK$1,761.9m (+3.9%) and 2Q sales were HK$898.3m (+3.7%); space reconfiguration was completed in July 2026.

Paigutuse struktuur

Paired bar charts for traffic and sales with reconfiguration note.

Peamised visuaalsed elemendid

  • •Traffic bar chart
  • •Sales bar chart
  • •Reconfiguration note
Leht 28
photo gallery

Festival Walk Trade Remixing

Sisu

New and remixed tenants shown include ICBC, So Gor Beef Brisket, Asics and Go Wild.

Paigutuse struktuur

Photo grid of storefronts with tenant labels.

Peamised visuaalsed elemendid

  • •Storefront photos
  • •Tenant labels
Leht 29
photo gallery

Festival Walk Events

Sisu

Events include the Winnie the Pooh 100th pop-up, the Beware of Love press conference, Toei Animation 70th, Kalos Blocks x Coca-Cola and a Nintendo Switch 2 Yoshi event.

Paigutuse struktuur

Event photo collage with captions.

Peamised visuaalsed elemendid

  • •Event photos
  • •Captions
Leht 30
section divider

Section Divider: Commitment to Sustainability

Sisu

Divider introducing the sustainability section with a Mapletree Business City garden photo.

Paigutuse struktuur

Full-bleed photograph with section title overlay.

Peamised visuaalsed elemendid

  • •MBC garden photo
  • •Section title
Leht 31
framework diagram

Sustainability Framework and Targets

Sisu

Four pillars (Resilient & Sustainable Business, Climate Change, Social Value in Workplace & Community, High Ethical Standards) map 12 material topics to the UN SDGs. Targets include 60% of occupied area under green leases by 2030, 100% green-certified portfolio, 78.5% Scope 1+2 carbon intensity reduction by 2035 vs FY23/24 and 50% renewable electricity by 2030.

Paigutuse struktuur

Four-pillar framework diagram with material topics, SDG icons and a targets panel.

Peamised visuaalsed elemendid

  • •Four pillars
  • •SDG icons
  • •Targets list
Leht 32
roadmap

Net Zero by 2050 and ESG Recognition

Sisu

A Net Zero by 2050 roadmap runs from foundation and stakeholder engagement to decarbonisation levers and compensation. MPACT earned 2026 GRESB Global Sector Leader (Listed, Diversified Office/Retail), Regional Sector Leader Asia, an improved Five-Star rating and Public Disclosure Level A.

Paigutuse struktuur

Roadmap timeline above award badges and community photo strip.

Peamised visuaalsed elemendid

  • •Net Zero roadmap
  • •GRESB badges
  • •Community activity photos
Leht 33
section divider

Section Divider: Outlook

Sisu

Divider introducing the Outlook section with a Mapletree Business City photo.

Paigutuse struktuur

Full-bleed photograph with section title overlay.

Peamised visuaalsed elemendid

  • •MBC photo
  • •Section title
Leht 34
outlook

Looking Ahead

Sisu

The environment is shaped by geopolitical tensions, higher energy costs and rising interest rates. Singapore is 61% of AUM and 68% of NPI, with VivoCity AEIs and MBC lease commencements from 3Q FY26/27, while overseas the focus is occupancy, Festival Walk remixing and portfolio optimisation in core markets.

Paigutuse struktuur

Bulleted outlook text grouped into operating environment, Singapore, overseas and capital management.

Peamised visuaalsed elemendid

  • •Grouped bullets
  • •Orange subheadings
Leht 35
closing/contact

Thank You and Investor Relations Contacts

Sisu

Closing slide with investor relations contacts Teng Li Yeng and Cassandra Seet of Investor Relations & Sustainability.

Paigutuse struktuur

Thank-you message with contact block above a property photo strip.

Peamised visuaalsed elemendid

  • •Contact block
  • •Property photo strip
Leht 36
section divider

Section Divider: Appendix 1 Market Information

Sisu

Divider for Appendix 1 Market Information, showing the Festival Walk ice rink (Glacier).

Paigutuse struktuur

Full-bleed photograph with section title overlay.

Peamised visuaalsed elemendid

  • •Festival Walk ice rink photo
  • •Section title
Leht 37
market overview

Singapore Retail Market

Sisu

Per Colliers (27 Oct 2026), Orchard rent was S$38.10 psf/month (+0.3% qoq) at 92.8% occupancy and suburban rent S$21.00 (-0.1%) at 95.3%. 3Q 2026 GDP grew 1.1% qoq and 5.4% yoy, the 2026 forecast was upgraded to 4.5-5.5%, and about 1.4m sq ft of new retail supply is due from rest-2026 to 2028.

Paigutuse struktuur

Left-hand statistics and commentary with a map of VivoCity and the Greater Southern Waterfront on the right.

Peamised visuaalsed elemendid

  • •Market statistics
  • •Location map
  • •Circle Line loop
Leht 38
data table

Singapore Retail Planned Supply

Sisu

Planned retail supply table for 2026-2028 includes Bukit V (173.4k sq ft, 2027), Newport Tower (222.0k, 2027), Golden Mile Redevelopment (114.4k, 2027), One Sophia (82.7k, 2028) and Parktown Tampines (80.9k, 2028).

Paigutuse struktuur

Multi-column supply table listing project, area and completion year with teal header.

Peamised visuaalsed elemendid

  • •Supply table
  • •Completion years
Leht 39
combo chart

Singapore Retail Sales

Sisu

Monthly retail sales from Jul-22 to Aug-26 range roughly S$3.1bn to S$4.4bn with an online share of about 12.6% to 19.5%. In Aug-26, sales were S$3.8bn and online share 18.2%.

Paigutuse struktuur

Combination bar and line chart with sales bars and online share line.

Peamised visuaalsed elemendid

  • •Monthly sales bars
  • •Online share line
  • •Latest data label
Leht 40
bar chart

Singapore Visitor Arrivals

Sisu

Arrivals were 19.1m in 2019, 2.7m in 2020, 0.3m in 2021, 6.3m in 2022, 13.6m in 2023, 16.5m in 2024, 16.9m in 2025 and 12.7m in 9M 2026. Arrivals fell 1.8% yoy for Jul-Sep and 1.7% for 9M.

Paigutuse struktuur

Annual bar chart with growth callouts.

Peamised visuaalsed elemendid

  • •Annual arrivals bars
  • •Growth callouts
Leht 41
market overview

Singapore Office Market

Sisu

Islandwide office rent was S$7.03 psf/month (+1.9% qoq) with 89.0% occupancy (-0.2pp) in 2Q 2026, CBD at S$12.23 and City Fringe at S$8.24. About 2.7m sq ft of new supply is due to 2028, with demand from tech and non-bank financials.

Paigutuse struktuur

Statistics and commentary panel beside a map of office districts.

Peamised visuaalsed elemendid

  • •Market statistics
  • •District map
Leht 42
data table

Singapore Office Planned Supply

Sisu

Projects listed include Solitaire On Cecil (197.0k sq ft, 2026), Newport Tower (220.0k, 2027), The Skywaters (745.0k, 2028), Clifford Centre (345.0k, 2028) and One Comcentre (809.0k, 2028).

Paigutuse struktuur

Supply table of project, area and year with teal header.

Peamised visuaalsed elemendid

  • •Supply table
  • •Completion years
Leht 43
market overview

Singapore Business Parks

Sisu

Central Region business park rent was S$4.50 psf/month (-4.3% qoq) with 89.0% occupancy (+3.7pp) in 2Q 2026, and no known new supply for 2026-2028. Mapletree Business City is positioned as a Grade A integrated hub.

Paigutuse struktuur

Statistics panel, supply table with dashes and a business park cluster map.

Peamised visuaalsed elemendid

  • •Cluster map
  • •Supply table
  • •Market statistics
Leht 44
market overview

Hong Kong Retail Market

Sisu

Kowloon East retail rent was HK$255 psf/month (+0.4% qoq) with 85.9% occupancy; Hong Kong 2Q 2026 GDP grew 4.3% yoy with the full-year forecast raised to 3.5-4.5%. Visitors rose 12% in Jan-Sep, retail sales rose 5.1% in Jul-Aug, and about 1.0m sq ft of new supply is due in rest-2026.

Paigutuse struktuur

Statistics and commentary with a map showing Festival Walk's link to Kowloon Tong MTR and its 830 car parks.

Peamised visuaalsed elemendid

  • •Market statistics
  • •Location map
  • •MTR link
Leht 45
data table

Hong Kong Retail Planned Supply

Sisu

Supply includes XRL Terminus retail (602.8k sq ft, 2026), The KEyPoint (300.0k, 2026), Lee Garden Eight (107.6k, 2026), 35 Clear Water Bay Road (575.9k, 2028) and NKIL 6649 Kai Tak (160.3k, 2028).

Paigutuse struktuur

Supply table of project, area and year with teal header.

Peamised visuaalsed elemendid

  • •Supply table
  • •Completion years
Leht 46
combo chart

Hong Kong Retail Sales

Sisu

Monthly sales from Jul-22 to Aug-26 range about HK$28bn to HK$37bn, peaking at HK$37.3bn in Jan-26, with online share of about 6% to 15%. Aug-26 sales were HK$32.1bn and online share 8.7%.

Paigutuse struktuur

Combination bar and line chart of monthly sales and online share.

Peamised visuaalsed elemendid

  • •Monthly sales bars
  • •Online share line
  • •Peak label
Leht 47
bar chart

Hong Kong Visitor Arrivals

Sisu

Arrivals were 55,913k in 2019, 34,003k in 2023, 44,514k in 2024, 49,895k in 2025 and 40,704k in 9M 2026 (mainland 31,900k). Jul-Sep arrivals rose 9.0% to 14.0m and 9M rose 11.6%.

Paigutuse struktuur

Annual bar chart with growth callouts and mainland share.

Peamised visuaalsed elemendid

  • •Annual arrivals bars
  • •Growth callouts
Leht 48
market overview

Beijing Office Market

Sisu

Lufthansa Grade A rent was RMB179.2 psm/month (-6.9% qoq) with 72.7% occupancy, while Beijing overall occupancy was 80.3% and rents fell 4.1% qoq. China 3Q GDP grew 4.5%, and about 0.7m sqm of supply is due to 2028; Gateway Plaza sits in the Lufthansa district.

Paigutuse struktuur

Statistics and commentary beside a Beijing district map.

Peamised visuaalsed elemendid

  • •Market statistics
  • •District map
Leht 49
data table

Beijing Office Planned Supply

Sisu

Supply in thousand sqm includes Maoyuan Yao Zone (38.0, 4Q26), Chaoyang Station hub (68.0, 4Q27), Indigo Phase II (106.9, 2027), Digital Financial Technology Demonstration Park (213.3, 2027) and Dajia Life Building (117.2, 3Q28).

Paigutuse struktuur

Supply table of project, area and completion with teal header.

Peamised visuaalsed elemendid

  • •Supply table
  • •Completion quarters
Leht 50
market overview

Shanghai Business Park Market

Sisu

Zhangjiang rent was RMB3.40 psm/day (-0.5% qoq) with 67.3% occupancy (+1.2pp), while overall Shanghai business park occupancy was 70.5% in 3Q 2026 and rents fell 5.6% yoy. About 2.8m sqm of supply is due to 2028, mainly Jinqiao (47%) and Zhangjiang (41%), with Sandhill Plaza located at Zhangjiang Science City.

Paigutuse struktuur

Statistics and commentary beside a map of core and emerging business parks.

Peamised visuaalsed elemendid

  • •Market statistics
  • •Business park map
Leht 51
data table

Shanghai Business Park Planned Supply

Sisu

A table of about 27 projects includes Shanghai Riverfront Harbor B-3-10 (155.0k sqm, 4Q26), Zhangjiang Middle Zone Plot 41-13 (275.5k, 2027) and Golden Valley WK14-4 Qingtian (390.0k, 2028).

Paigutuse struktuur

Long supply table of project, area and completion with teal header.

Peamised visuaalsed elemendid

  • •Long supply table
  • •Completion years
Leht 52
market overview

Greater Tokyo Office Market

Sisu

Tokyo 18 wards rent was JPY21,623 per tsubo/month (+1.2% qoq) with 96.8% occupancy, and Chiba rent was JPY12,742 (+3.1%) at 91.2%. Makuhari vacancies will take longer to backfill; supply includes Osaki Core, World Trade Center Building, TORANOGATE (36,000 tsubo, 4Q27) and Torch Tower (108,000 tsubo, 1Q28).

Paigutuse struktuur

Statistics and commentary with a supply table beside a Tokyo area map.

Peamised visuaalsed elemendid

  • •Market statistics
  • •Supply table
  • •Area map
Leht 53
market overview

Seoul Office Market

Sisu

GBD rent was KRW145,898 per pyeong/day (+3.9% qoq) with 98.0% occupancy, and Seoul overall occupancy was 95.9%. Korea 3Q GDP grew 3.4% yoy; about 0.5m pyeong of supply is due to 2028, and The Pinnacle Gangnam is a 20-storey freehold office with 181 parking lots.

Paigutuse struktuur

Statistics and commentary with Seoul district map and asset description.

Peamised visuaalsed elemendid

  • •Market statistics
  • •District map
  • •Asset description
Leht 54
data table

Seoul Office Planned Supply

Sisu

A table of about 19 projects from 4Q26 to 4Q28 is mostly CBD at 0.01-0.07 million pyeong, with KDIC Seocho (GBD) at 0.11 in 1Q28 and Sewoon 3-8,9,10 at 0.07 in 2Q28.

Paigutuse struktuur

Long supply table of project, district, area and completion with teal header.

Peamised visuaalsed elemendid

  • •Supply table
  • •District column
Leht 55
section divider

Section Divider: Appendix 2 Other Asset Information

Sisu

Divider for Appendix 2 Other Asset Information, showing the Festival Walk atrium.

Paigutuse struktuur

Full-bleed photograph with section title overlay.

Peamised visuaalsed elemendid

  • •Festival Walk atrium photo
  • •Section title
Leht 56
data table

Top Ten Tenants

Sisu

As at 31 March 2026, the top ten tenants contribute 21.4% of gross rental income excluding undisclosed names, led by Google Asia Pacific (6.2%), BMW (3.3%) and Merrill Lynch Global Services (2.0%). Others include TaSTe, Hewlett-Packard Japan, IMDA, HSBC, Mapletree Investments and NTUC FairPrice (1.4%).

Paigutuse struktuur

Ranked horizontal bar chart or table of ten tenants with percentage of GRI.

Peamised visuaalsed elemendid

  • •Ranked tenant list
  • •Percentage bars
Leht 57
bar chart

Trade Mix

Sisu

By gross rental income at 31 March 2026, F&B is 17.2%, IT services & consultancy 14.3%, fashion 7.8%, banking & financial 6.2% and department store/supermarket 5.3%. Remaining categories run from 4.6% (beauty & health) to 2.0% (consumer goods), with others at 6.9%.

Paigutuse struktuur

Horizontal bar chart of trade categories ranked by share of GRI.

Peamised visuaalsed elemendid

  • •Ranked bar chart
  • •Percentage labels
Leht 58
financial table

Portfolio Valuation Summary

Sisu

At 31 March 2026 Singapore was valued at S$9,291.0m (+S$278.0m, +3.1%), overseas at S$5,920.1m (-9.2%, of which valuation -S$301.7m and forex -S$301.1m), and the total at S$15,211.1m (-2.1%). Excluding forex the total change was -S$23.7m (-0.2%).

Paigutuse struktuur

Comparison table of valuations versus 31 March 2025 with three callout boxes.

Peamised visuaalsed elemendid

  • •Valuation table
  • •Three callout boxes
Leht 59
data table

Singapore Valuations

Sisu

VivoCity was valued at S$4,062.0m (+5.4%, S$3,752 psf, cap rate 4.40%), MBC I at S$2,372.0m (+0.9%), MBC II at S$1,670.0m (+0.4%), mTower at S$827.0m (+4.2%) and BOAHF at S$360.0m (+2.9%), totalling S$9,291.0m (+3.1%).

Paigutuse struktuur

Table of valuation, change and cap rate per Singapore asset with a note on new valuers.

Peamised visuaalsed elemendid

  • •Valuation table
  • •Cap rate column
Leht 60
data table

Overseas Valuations

Sisu

Festival Walk was HK$20,700m (-4.9% local; S$3,387.1m, cap 4.30%), Gateway Plaza RMB5,290m (-8.5%), Sandhill Plaza RMB2,070m (-4.7%), Japan JPY117,620m (-2.1% local, S$944.9m) and The Pinnacle Gangnam KRW258,050m (+2.4%, S$221.0m for 50%). The overseas total was S$5,920.1m.

Paigutuse struktuur

Table of local-currency value, change, S$ value and cap rate per overseas asset.

Peamised visuaalsed elemendid

  • •Valuation table
  • •Currency columns
  • •Cap rate column
Leht 61
asset fact sheet

Singapore Assets: VivoCity and Mapletree Business City

Sisu

VivoCity is a retail asset at 1 HarbourFront Walk on a 99-year lease from 1997, with 1,082,644 sq ft, 2,183 car park lots and a valuation of S$4,062.0m. MBC I (S$2,372.0m) and MBC II (S$1,670.0m) total 2,885,678 sq ft with 2,001 lots and tenants such as Google, IMDA, Samsung and SAP.

Paigutuse struktuur

Asset fact-sheet panels with photo, key details table and tenant list.

Peamised visuaalsed elemendid

  • •Asset photos
  • •Fact tables
  • •Tenant names
Leht 62
asset fact sheet

Singapore Assets: mTower and BOAHF

Sisu

mTower at 460 Alexandra Road has 523,582 sq ft, a Green Mark GoldPLUS rating and a valuation of S$827.0m. BOAHF at 2 HarbourFront Place has 215,963 sq ft, a LEED Gold rating, a valuation of S$360.0m and Merrill Lynch as a tenant.

Paigutuse struktuur

Two asset fact-sheet panels with photo, details and tenant list.

Peamised visuaalsed elemendid

  • •Asset photos
  • •Fact tables
  • •Tenant names
Leht 63
asset fact sheet

Hong Kong, China and Seoul Assets

Sisu

Festival Walk (588,890 sq ft, HK$20,700m, 830 lots, lease to 2047), Gateway Plaza Beijing (1,145,896 sq ft, RMB5,290m), Sandhill Plaza Shanghai (683,115 sq ft, RMB2,070m) and The Pinnacle Gangnam (478,461 sq ft, KRW258,050m, S$221.0m for 50%) are shown, all acquired in 2022.

Paigutuse struktuur

Four asset fact-sheet panels with photo, key facts and tenant list.

Peamised visuaalsed elemendid

  • •Asset photos
  • •Fact tables
  • •Green rating badges
Leht 64
asset fact sheet

Greater Tokyo Assets (1 of 2)

Sisu

Freehold assets acquired in 2022 include HP Japan HQ Building (457,426 sq ft, JPY40,900m, S$328.6m), IXINAL Monzen-nakacho (73,753 sq ft, JPY8,540m) and Omori Prime Building (73,168 sq ft, JPY7,670m).

Paigutuse struktuur

Three asset fact-sheet panels with photo and key facts.

Peamised visuaalsed elemendid

  • •Asset photos
  • •Fact tables
  • •CASBEE ratings
Leht 65
asset fact sheet

Greater Tokyo Assets (2 of 2)

Sisu

Higashi-nihonbashi 1-chome (27,996 sq ft, JPY2,800m), mBAY POINT Makuhari (923,077 sq ft, JPY33,000m, S$265.1m), Fujitsu Makuhari Building (329,023 sq ft after Fujitsu left, JPY9,910m, S$79.6m) and Makuhari Bay Tower (402,444 sq ft, JPY14,800m, S$118.9m) complete the asset listing.

Paigutuse struktuur

Four asset fact-sheet panels with photo and key facts.

Peamised visuaalsed elemendid

  • •Asset photos
  • •Fact tables
  • •Tenant names

Korduma kippuvad küsimused

Levinud küsimused selle slaidi ja esitluse sisu kohta.

What period does the MPACT 2Q & 1H FY26/27 results presentation cover?

Mapletree's financial year runs from April to March, so FY26/27 is 1 April 2026 to 31 March 2027. The deck covers 2Q FY26/27 (July to September 2026) and 1H FY26/27 (April to September 2026), with comparisons to the same periods a year earlier.

Where was this presentation published?

It was lodged with SGX (Singapore Exchange) via SGXNET on 30 October 2026, alongside the financial statements and distribution announcement for the period 1 April to 30 September 2026. The Important Notice slide also points to the investor relations page at investor.mapletreepact.com/financial-results.html.

Is this a full results deck or a business update, given Singapore's half-yearly reporting regime?

Under SGX's half-yearly reporting regime, Singapore issuers' 1Q and 3Q releases are business updates, while the 2Q and 4Q (half-year and full-year) releases carry full financial statements. This is a full 2Q & 1H results deck, with an income statement, balance sheet, capital management and distribution details.

What are the headline DPU and the distribution dates?

2Q DPU was 1.94 Singapore cents (-3.5% yoy) and 1H DPU was 3.90 cents (-3.0%). For the 1 July to 30 September 2026 distribution, the ex-date is 6 November 2026 and payment is on 16 December 2026 (record date 10 November).

Why did MPACT's DPU decline year on year?

Overseas headwinds weighed on income: the non-renewal of the Fujitsu Makuhari Building (FJM) in Japan, China macro conditions and Hong Kong retail, plus the divestments of TSI, ASY and Festival Walk Tower and a weaker yen. These were partly offset by VivoCity (2Q NPI +5.0%, 1H reversion +15.0%) and finance expenses falling 10.1% in 2Q.

What is in the 65 pages, and can I use it as a template for a REIT results deck?

The deck covers Key Highlights, Financial Performance, Portfolio Highlights, Sustainability, Outlook, then Appendix 1 (market information for Singapore, Hong Kong, Beijing, Shanghai, Greater Tokyo and Seoul) and Appendix 2 (tenants, trade mix, valuations and asset fact sheets). Its structure of KPI tiles, comparison tables, stacked bar charts, supply tables and photo dividers works well as a template for REIT or real-estate results presentations. A downloadable PPTX conversion and the PDF are both available.

What does MPACT's capital management look like at 30 September 2026?

Aggregate leverage was 38.1%, gross debt S$5,913.4m, interest coverage ratio 3.3x, weighted all-in cost of debt 2.95% p.a., about 72% of debt fixed-rate and term to maturity 3.2 years. Moody's rating is Baa2 (negative), and the S$250m of perpetual securities was redeemed.

Allikad ja lisalugemine

  • MPACT Financial Results — Mapletree Pan Asia Commercial Trust

    Official investor relations page referenced on the deck's Important Notice slide, hosting the financial statements and distribution announcement.

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