Mapletree Pan Asia stock fell 1.65 percent on October 2
Published on 10/04/2026 at 18:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Mapletree Pan Asia stock was last at SGD 1.19 on the Singapore Exchange on October 2, 2026, down 1.65 percent for the session. The move came as the trust's latest operating picture showed weaker overseas contributions, while Singapore assets continued to cushion the portfolio.
Q1 revenue fell 5.6 percent
According to Quartr in its September 10, 2026 summary of Q1 FY26/27, gross revenue reached SGD 206.5 million, a 5.6 percent year-over-year decline. Net property income fell 6.8 percent to SGD 154.8 million, while Singapore NPI rose 1.0 percent.
Distribution per unit was SGD 0.0196 for the quarter, down 2.5 percent year over year. Finance expenses fell 18.4 percent, giving the trust a measurable cost offset as overseas occupancy, rental reversions and foreign-exchange effects weighed on results.
Singapore remains the earnings anchor
Mapletree Pan Asia reported assets under management of SGD 15.2 billion as of June 30, 2026, across 15 commercial properties in five Asian gateway markets. Singapore contributed 61 percent of AUM and 66 percent of NPI, with VivoCity identified as a key operating contributor.
The contrast matters for investors: the group-wide revenue decline and the 6.8 percent NPI drop show pressure outside Singapore, while the 1.0 percent Singapore NPI increase points to a more resilient domestic base. The same results summary said limited new supply in Singapore office and business park markets could support occupancy and rental growth.
Target trimmed to SGD 1.47
Simply Wall St reported on October 1, 2026 that the analyst price target was trimmed from SGD 1.52 to SGD 1.47. The update cited revised revenue growth, margin and forward P/E assumptions, making the target revision a counterweight to the trust's stable Singapore operations.
At SGD 1.19, the October 2 price stood 20.7 percent below the same source's 52-week high of SGD 1.50 and only SGD 0.01 above its 52-week low of SGD 1.18. Market capitalization was SGD 6.3 billion on that date, placing valuation and distribution stability alongside the weaker overseas figures.
Stock remains below yearly high
Mapletree Pan Asia stock was last at SGD 1.19 on the Singapore Exchange on October 2, 2026. The dated market picture leaves the trust's Singapore growth, financing costs and overseas rental reversions as the key figures for assessing the next quarterly update.
Mapletree Pan Asia stock facts
- Company: Mapletree Pan Asia Commercial Trust
- Ticker: N2IU
- Trading venue: Singapore Exchange
- Price as of October 2, 2026: SGD 1.19
- Market capitalization: SGD 6.3 billion (as of October 2, 2026)
- 52-week range: SGD 1.18-1.50 (as of October 2, 2026)
- Sector / Industry: Real Estate / REIT - Diversified
