Mapletree Pan Asia Commercial Trust (N2IU) Fair Value & Analysis
Real Estate · SG · Market cap 6.8B SGD
Fair value as of: Jul 4, 2026
From 23 valuation models · updated yesterday
Share price +1.6% over the past month.
Price vs Fair Value (12 months)
12‑month range 1.17 SGD – 1.44 SGD · fair‑value band 0.6300 SGD – 1.14 SGD · the 1.29 SGD price screens above the 1.14 SGD fair value. As of Jul 4, 2026.
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Mapletree Pan Asia Commercial Trust (N2IU) currently trades at 1.29 SGD, while our model-based Fair Value estimate is 1.14 SGD — implying the stock looks roughly 11.6% overvalued today. We read business quality at 65/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).
Over the trailing twelve months, Mapletree Pan Asia Commercial Trust generated revenue of 878M SGD at a net margin of 30.3%. Revenue declined 5.9% year over year. It earns a return on equity of 2.8%. Net debt stands at 5.4B SGD. Fundamentals as of Jul 4, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.
About the company
Mapletree Pan Asia Commercial Trust is a real estate investment trust positioned to be the proxy to key gateway markets of Asia. Listed on the Singapore Exchange Securities Limited on 27 April 2011, it made its public market debut as Mapletree Commercial Trust and was subsequently renamed MPACT on 3 August 2022 following the merger with Mapletree North Asia Commercial Trust. Its principal investment objective is to invest on a long-term basis, directly or indirectly, in a diversified portfolio of income-producing real estate used primarily for office and/or retail purposes, as well as real estate-related assets, in the key gateway markets of Asia (including but not limited to Singapore, Hong Kong, China, Japan and South Korea). Mapletree Pan Asia Commercial Trust was incorporated in 2005 in Singapore.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Mapletree Pan Asia Commercial Trust reported revenue of 808M SGD in FY2026 versus 475M SGD in FY2022, a compound +14.2%/yr. Reported net income was 261M SGD in FY2026, compounding −6.8%/yr from FY2022.
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Recent news
- Mapletree Pan Asia Commercial Trust (MPCMF) (Q4 2026) Earnings Call Highlights: Navigating ...
- Is Now The Time To Put Mapletree Pan Asia Commercial Trust (SGX:N2IU) On Your Watchlist?
- Mapletree Pan Asia Commercial Trust (SGX:N2IU) stock most popular amongst private equity firms who own 56%, while individual investors hold
- Mapletree Pan Asia Commercial Trust (SGX:N2IU) investors are sitting on a loss of 2.2% if they invested five years ago
External third-party headlines (Yahoo Finance, Reuters and others) — not an editorial selection, not financial advice.
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| Gecina GECFF | $87.89 | $128.26 | +46% |
| Hudson Pacific Properties, Inc HPP | $14.62 | $0.9700 | -93% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.