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Mapletree Pan Asia Commercial Trust's DPU Down 2.5% in Fiscal Q1

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Mapletree Pan Asia Commercial Trust's (SGX:N2IU) distribution per unit fell 2.5% during the fiscal first quarter ended June 30 to SG$0.0196 from SG$0.0201 a year earlier, according to a Thursday filing with the Singapore Exchange.

Amount available for distribution was down by 2.4% to SG$104.2 million from SG$106.8 million in the prior period.

Net property income declined by 6.8% to SG$154.8 million compared with SG$166 million in the year-ago period.

Gross revenue was down 5.6% year over year to SG$206.5 million from SG$218.6 million.

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