Mapletree Pan Asia Commercial Trust's (SGX:N2IU) distribution per unit or DPU was down 15% in fiscal Q4 to SG$0.0195 from SG$0.0229 a year earlier, according to a filing with the Singapore Exchange.
Amount available for distribution declined 14% to SG$103.6 million from SG$120.5 million.
Net property income slid by 7.4% to SG$169.5 million from SG$183.1 million a year earlier.
Gross revenue was down 7% year over year to SG$222.9 million from SG$239.2 million, mainly due to the divestment of Mapletree Anson, which took place on July 31, 2024.
Portfolio occupancy stood at 89.6% as of end-March.
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