MapleTree NAC Trust

[Andrew833]

*Mapletree NAC*


3Q NPI jumped 49% to S$75.7m; Gross revenue rose 49.7% to S$100.7m
no rental collection for Q3 FY19/20 during the temporary closure of Festival Walk mall in Hong Kong from Nov 13, 2019 to Jan 15, 2020 and its office tower from Nov 13 to 25, 2019.

9M NPI declined by 2.3% ; higher rental reliefs granted to support tenants at Festival Walk mall and lower average rental rates at Festival Walk mall and Beijing's Gateway Plaza.

committed occupancy 96.9%

committed and uncommitted credit facilities that remained undrawn amounted to S$492.6m.

sufficient liquidity to satisfy its working capital and operating requirements as well as to meet its maturing debt obligations, said the manager.

Aggregate leverage ratio increased marginally to 41.3% due to the acquisition of The Pinnacle Gangnam, which is fully funded by borrowings, and the lower portfolio value arising from forex

75% interest cost hedged into fixed rates,

90% of the expected distributable income for H2 FY20/21 hedged into SGD

 

[Andrew833]

Today break resistance again, ready to chiong

 

[coyote]

Waiting for it to announce dividend soon...

Today break resistance again, ready to chiong

 

[Andrew833]

Waiting for it to announce dividend soon...

When announce?

 

[peppermint7]

When announce?

Dividend is half yearly in May and Nov

 

[Andrew833]

Dividend is half yearly in May and Nov

Still far away

 

[Bumblebee Man]

I sold most of my sg stock but still holding to this gem. Never disappoint.

 

[coyote]

This was mapletree nac 2020's dividend schedule. It's quarterly. Did they changed?

Dividend is half yearly in May and Nov

 

[Squaredot]

This was mapletree nac 2020's dividend schedule. It's quarterly. Did they changed?

CHANGE FROM QUARTERLY TO SEMI-ANNUAL DISTRIBUTION AND SEMI-ANNUAL REPORTING OF FINANCIAL RESULTS
https://links.sgx.com/FileOpen/MNACT_MiscAnnc_29April2020.ashx?App=Announcement&FileID=608793

 

[coyote]

Aiyah... I am really outdated. Somehow I mixed up ascendas reit dividend payout also.

CHANGE FROM QUARTERLY TO SEMI-ANNUAL DISTRIBUTION AND SEMI-ANNUAL REPORTING OF FINANCIAL RESULTS
https://links.sgx.com/FileOpen/MNACT_MiscAnnc_29April2020.ashx?App=Announcement&FileID=608793

 

[peppermint7]

Still far away

Worth waiting for. It's rewarding

 

[Opps-gal]

CHANGE FROM QUARTERLY TO SEMI-ANNUAL DISTRIBUTION AND SEMI-ANNUAL REPORTING OF FINANCIAL RESULTS
https://links.sgx.com/FileOpen/MNACT_MiscAnnc_29April2020.ashx?App=Announcement&FileID=608793

Need to wait long to get money for food.

 

[addict951]

Ask y’all hor: was Maple Com’s CD changed to semi-annual too?

 

[lzydata]

Ask y’all hor: was Maple Com’s CD changed to semi-annual too?

Yes and for the same reason, because they also changed their financial results reporting to semi-annual:

https://links.sgx.com/FileOpen/MCT ..._20200422.ashx?App=Announcement&FileID=607669

 

[Shion]

MNACT reports lower full year DPU, but slight improvement for second half

https://www.theedgesingapore.com/ne...-full-year-dpu-slight-improvement-second-half
Mapletree North Asia Commercial Trust has reported a distribution unit for the year ended March 31 2021 of 6.175 cents per unit, down 13.3% from 7.124 cents, due to the impact of the pandemic.

Revenue and net property income for the year was up 10.4% to $391.4 million, and up 5.2% to $292 million respectively, due to contributions from two properties, mBAY POINT Makuhari and Omori Prime Building acquired in Feb 2020.

These two new properties also helped lift DPU slightly by 1.9% to 3.229 cents for the half year ended March 31 2021.

“The overall environment continued to be challenging, but we managed to maintain a high portfolio occupancy of 97% at the end of March 2021,” says Cindy Chow, CEO of the REIT manager.

As of March 31, MNACT’s portfolio of 11 properties are appraised at $7,674.1 million, down 8.1% from the preceding year.

The lower valuation was because of lower market rents assumed by the valuers for Festival Walk and Gateway Plaza as a result of the impact of Covid-19 on the properties’ performance.

There was also net translation loss (against SGD) of $212 million from the weaker HKD and JPY against SGD partially offset by the stronger RMB, says MNACT.

“Moving forward, our focus remains on active asset management and accretive acquisitions to achieve greater diversification of MNACT’s portfolio, while keeping an active and prudent approach on capital management,” says Chow.

MNACT closed April 22 at $1.07, up 0.94%.

 

[lzydata]

The next distribution of 3.299 cents (October 2020 - March 2021) will have DRP option. Issue price $1.0449.

https://links.sgx.com/FileOpen/MNACT_DRP_IssuePrice_30Apr2021.ashx?App=Announcement&FileID=664561

 

[htc_user]

The next distribution of 3.299 cents (October 2020 - March 2021) will have DRP option. Issue price $1.0449.

https://links.sgx.com/FileOpen/MNACT_DRP_IssuePrice_30Apr2021.ashx?App=Announcement&FileID=664561

Just receive the DRP notice, for long term advice is to get new units or take cash?

 

[Andrew833]

Just receive the DRP notice, for long term advice is to get new units or take cash?

How many shares you have?
I calculate base on assumption with 5000 shares, for 4 years permanent srip shares vs cash, the different is only 2.9%. So I'm taking cash.

 

[htc_user]

How many shares you have?
I calculate base on assumption with 5000 shares, for 4 years permanent srip shares vs cash, the different is only 2.9%. So I'm taking cash.

Thanks, currently 20670 units

 

[Andrew833]

Thanks, currently 20670 units

Woah, that's alot.
Since you planning for long term investment, take permanent srip shares. Just take note, there will be odd lot. If you don't want odd lot, then you have to go thru the trouble of calculating how many shares and the rest cash for every payout.