Valuation Mapletree Pan Asia Commercial Trust

Equities

Delayed Singapore S.E. Other stock markets 03:27:17 2025-06-25 am EDT			5-day change	1st Jan Change
1.220 ^SGD	0.00%		-0.81%	+0.83%

May. 23	Mapletree Pan Asia Commercial Trust Enters Into Facility Agreement With Unit For S$150 Million	RE
May. 19	Macquarie Downgrades Mapletree Pan Asia Commercial Trust to Neutral From Outperform; Price Target is SG$1.10	MT

Data adjusted to current consolidation scope

Fiscal Period: March	2021	2022	2023	2024	2025	2026	2027	2028
Capitalization ¹	7,030	6,281	9,431	6,724	6,584	6,431	-	-
Change	-	-10.65%	50.14%	-28.7%	-2.07%	-2.33%	-	-
Enterprise Value (EV) ¹	9,867	9,162	15,998	13,217	12,410	12,303	12,365	12,396
Change	-	-7.15%	74.62%	-17.39%	-6.1%	-0.86%	0.5%	0.25%
P/E ratio	102x	18.1x	17.2x	11.6x	11.3x	15.8x	16.1x	15.1x
PBR	1.23x	1.09x	1.02x	0.73x	0.7x	0.68x	0.68x	0.68x
PEG	-	0x	-	2.13x	15.57x	-0.5x	-9.42x	2.39x
Capitalization / Revenue	14.7x	12.6x	11.4x	7.02x	7.24x	7.21x	7.05x	6.95x
EV / Revenue	20.6x	18.3x	19.4x	13.8x	13.7x	13.8x	13.6x	13.4x
EV / EBITDA	28.5x	26.2x	26.9x	15.9x	19.6x	18.8x	18.6x	18.2x
EV / EBIT	28.5x	26.2x	26.9x	16x	19.6x	19x	18.8x	18.6x
EV / FCF	27.8x	25.2x	26.5x	18.2x	21.5x	19.1x	17.7x	16.9x
FCF Yield	3.6%	3.97%	3.78%	5.48%	4.64%	5.25%	5.66%	5.93%
Dividend per Share ²	0.0949	0.0953	0.0961	0.0891	0.0802	0.0791	0.0818	0.0836
Rate of return	4.48%	5.04%	5.34%	6.96%	6.42%	6.49%	6.71%	6.85%
EPS ²	0.0207	0.1045	0.1045	0.1102	0.111	0.0772	0.0759	0.0807
Distribution rate	458%	91.2%	92%	80.9%	72.3%	102%	108%	104%
Net sales ¹	479	499.5	826.2	958.1	908.8	892.5	912.3	925.1
EBITDA ¹	346.1	349.2	595.1	829.1	633.9	654.2	664.5	682.3
EBIT ¹	345.9	349	594.2	828	633.3	648.9	656.9	664.8
Net income ¹	68.61	347	482.6	577.9	584.2	415.8	427.4	450.5
Net Debt ¹	2,837	2,880	6,568	6,493	5,826	5,873	5,934	5,965
Reference price ²	2.120	1.890	1.800	1.280	1.250	1.220	1.220	1.220
Nbr of stocks (in thousands)	3,316,204	3,323,514	5,239,332	5,252,985	5,267,580	5,271,107	-	-
Announcement Date	4/27/21	4/20/22	4/27/23	4/23/24	4/25/25	-	-	-

¹SGD in Million²SGD

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
MAPLETREE PAN ASIA COMMERCIAL TRUST	15.8x	13.79x	18.81x	6.49%	5.03B
REALTY INCOME CORPORATION	42.4x	14.96x	15.73x	5.54%	52.36B
UNIBAIL-RODAMCO-WESTFIELD SE	10.09x	11.09x	14.61x	5.4%	13.5B
ALEXANDRIA REAL ESTATE EQUITIES, INC.	41.76x	8.38x	13.1x	7.08%	13.04B
SEGRO PLC	10.2x	21.02x	23.75x	4.47%	12.86B
CAPITALAND INTEGRATED COMMERCIAL TRUST	18.72x	15.45x	22.59x	5.21%	12.24B
KLÉPIERRE	9.69x	13.37x	16.21x	5.64%	11.21B
CAPITALAND ASCENDAS REIT	16.71x	12.32x	19.28x	5.8%	9.43B
FEDERAL REALTY INVESTMENT TRUST	30.4x	9.96x	15.52x	4.6%	8.3B
VORNADO REALTY TRUST	-349.64x	8.4x	19.82x	1.94%	7.38B
Average	-15.39x	12.87x	17.94x	5.22%	14.54B
Weighted average by Cap.	8.79x	13.63x	17.25x	5.36%