$Mapletree PanAsia Com Tr(N2IU.SI)$
Mapletree PanAsia Com Tr - Divestment of Mapletree Anson can pare down debts level from 40.5 percent to 37.6 percent, seem a good way to lower the ops cost but dpu will be affected!
The divestment gain can help to generate around 1.5% accretion to FY2023 - FY2024 DPU on a pro forma basis.
Mapletree Anson for $775 million and channel the proceeds to pare down debt, joining a growing list of REITs and trusts divesting assets in a bid to ease balance sheet strain.
The sale to an unnamed third party is at a gain of $10 million over the property's valuation as at March 31. It will also be a premium of $95.0 million above the original purchase price of $680 million paid back in 2012.
MPACT is expecting net proceeds of $762 million and can help reduce its aggregate leverage from 40.5% as at March 31 to 37.6% on a pro forma basis.
https://sporeshare.blogspot.com/2024/05/mapletree-panasia-com-tr-divestment-of.html
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- icycrystal·06-01thanks for sharing2Report