facebook(Stocks Discussion) SGX: Mapletree Commercial Trust (SGX: N2IU)? - Seedly


05 Aug 2020


(Stocks Discussion) SGX: Mapletree Commercial Trust (SGX: N2IU)?

Discuss anything about share price, dividends, yield, ratios, fundamentals, technical analysis and if you would buy or sell this stock on the SGX Singapore markets Also, these questions just represent opinions, so before you invest, please do your own due diligence.

Discussion (4)

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Given the TTM of 6.09% for this stock https://www.stockmoo.com/stock/sgx-n2iu_6483/, should I consider it as the top pick for a long-term investment strategy designed to create dividend income?

Here are some key financial numbers from the REIT’s fiscal first-quarter business update (three months ended 30 June 2020):

  • Gross revenue: Down 10.5% YoY

  • Net property income: Down 10.7% YoY

  • Distribution per unit: Not mentioned

  • Gearing: 33.7%

  • Portfolio occupancy: 98.2%

Mapletree Commercial Trust shared that phase 2 of the re-opening has been encouraging for its retail side:

“Phase Two lifting of the circuit breaker from 19 June 2020 has begun to take some weight off our retail tenants at VivoCity where we have observed encouraging recovery in shopper traffic and tenant sales. Although the majority of tenants have resumed operations, we believe it will take some time to get back to pre-COVID-19 levels due to continued work-from-home directives, border closures, social distancing measures, as well as disruptions in manpower and global supply chains.”

The office properties in Mapletree Commercial Trust’s portfolio have somewhat helped to mitigate the impact from the retail assets.

This is especially obvious when compared to the pure-play retail REIT CapitaLand Mall Trust’s latest performance.

Quite a bit of premium on the stock price at the moment. Did some dca into it and sold off the odd l...

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