Mapletree Pan Asia Commercial Trust

Mapletree Pan Asia Commercial Trust is a Singapore-based real estate investment trust (REIT) that serves as a proxy for key gateway markets across Asia. Its principal investment objective is to invest on a long-term basis in a diversified portfolio of income-producing real estate primarily used for office and retail purposes, along with related assets, in locations including Singapore, Hong Kong, China, Japan, and South Korea. Originally listed on the Singapore Exchange in 2011 as Mapletree Commercial Trust, it rebranded to Mapletree Pan Asia Commercial Trust in 2022 following a merger with Mapletree North Asia Commercial Trust. The trust manages 15 properties encompassing 10.4 million square feet of lettable area, with assets under management totaling S$15.9 billion and a market capitalization of approximately S$7.6 billion. Notable for its focus on stable commercial real estate in prime Asian markets, it generates revenue through rentals, achieving a gross margin of around 70% and a strong dividend profile. Mapletree Pan Asia Commercial Trust plays a significant role in providing investors exposure to high-quality, income-generating properties amid Asia's dynamic urban growth.