0821 GMT - Mapletree Pan Asia Commercial Trust could consider making acquisitions in Singapore to pivot its portfolio toward its best-performing market, DBS Group Research analysts say in a note. The REIT's portfolio weakness appears to stem from Japan and Hong Kong, they note, citing Japan's low occupancy and softer rental reversions in Hong Kong. The analysts believe the REIT could pursue further asset sales for dry powder for acquisitions in Singapore, where they see significant opportunities. Meanwhile, the REIT's interest costs may ease further as interest rates decline, they add. DBS raises its target price to S$1.65 from S$1.60 and maintains its buy rating, saying Mapletree Pan Asia is one of the few large-cap Singapore REITs still trading below net asset value. Units are flat at S$1.46. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
October 23, 2025 04:21 ET (08:21 GMT)
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