0848 GMT - Mapletree Pan Asia Commercial Trust's credit quality could weaken over the next 12 months due to declining earnings at its North Asia property portfolio, says Moody's Ratings in a note. The Singapore real-estate investment trust's earnings decline is likely driven by soft leasing demand and oversupply in that market, the ratings company says. While its Singapore portfolio earnings are likely to remain stable given steady occupancy rates and rent increases, this segment is unlikely to fully offset the weakness in the North Asian division, Moody's says. Still, the commercial-focused REIT may mitigate refinancing risks through strong liquidity and proactive capital management. Moody's has a negative outlook on Mapletree Pan Asia. Units closed flat at S$1.28. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
June 16, 2026 04:48 ET (08:48 GMT)
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