---
title: "Mapletree Pan Asia Commercial Trust (N2IU.SG)"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/N2IU.SG.md"
symbol: "N2IU.SG"
name: "Mapletree Pan Asia Commercial Trust"
industry: "Equity Real Estate Investment Trusts (REITs)"
datetime: "2026-05-20T02:42:06.811Z"
locales:
  - [en](https://longbridge.com/en/quote/N2IU.SG.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/N2IU.SG.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/N2IU.SG.md)
---

# Mapletree Pan Asia Commercial Trust (N2IU.SG)

## Company Overview

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.

| Item | Detail |
|------|--------|
| Industry | Equity Real Estate Investment Trusts (REITs) |
| Exchange | SG Market |
| Website | [www.mapletreepact.com](https://www.mapletreepact.com) |

## Key Drivers
> *AI-analyzed key factors driving this stock's performance*


## Longbridge Financial Score™: C
> *Longbridge Financial Score™ — Proprietary multi-factor rating model by Longbridge*
> Updated: 2026-05-19T04:30:11.000Z

**Overall: C (0.57)**

**Industry**: Equity Real Estate Investment Trusts (REITs)

| Metric | Value |
|--------|-------|
| Industry Ranking | 4 / 42 |
| Industry Median | C |
| Industry Average | C |

- **Style**: Value - Stocks where the company's main business is in a mature stage.
- **Scale**: Mid - The company has stable operation of a large-cap stock and the high return of a small-cap stock.

**Multi Score**: C

#### Style Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Revenue YoY | -4.33% |  |
| Net Profit YoY | -55.28% |  |
| P/B Ratio | 0.70 |  |
| Dividend Ratio | 6.43% |  |

#### Size Score Score: 

| Indicator | Value | Rating |
|-----------|-------|--------|
| Market Cap | 6537893956.76 |  |
| Revenue | 876494201.95 |  |

#### Multi Score Score: C

| Indicator | Value | Rating |
|-----------|-------|--------|
| ROE | 2.75% | C |
| Profit Margin | 30.26% | A |
| Gross Margin | 70.65% | A |
| Revenue YoY | -4.33% | D |
| Net Profit YoY | -55.28% | D |
| Total Assets YoY | -4.44% | D |
| Net Assets YoY | -2.41% | D |
| Cash Flow Margin | 224.29% | B |
| OCF YoY | -4.33% | D |
| Turnover | 0.06 | E |
| Gearing Ratio | 39.11% | B |

```chart-data:radar
{
  "title": "Longbridge Financial Score - Mapletree Pan Asia Commercial Trust",
  "chart_type": "radar",
  "dimensions": [
    {
      "name": "Style Score",
      "grade": "",
      "indicators": [
        {
          "name": "Revenue YoY",
          "value": "-4.33%",
          "rating": ""
        },
        {
          "name": "Net Profit YoY",
          "value": "-55.28%",
          "rating": ""
        },
        {
          "name": "P/B Ratio",
          "value": "0.70",
          "rating": ""
        },
        {
          "name": "Dividend Ratio",
          "value": "6.43%",
          "rating": ""
        }
      ]
    },
    {
      "name": "Size Score",
      "grade": "",
      "indicators": [
        {
          "name": "Market Cap",
          "value": "6537893956.76",
          "rating": ""
        },
        {
          "name": "Revenue",
          "value": "876494201.95",
          "rating": ""
        }
      ]
    },
    {
      "name": "Multi Score",
      "grade": "C",
      "indicators": [
        {
          "name": "ROE",
          "value": "2.75%",
          "rating": "C"
        },
        {
          "name": "Profit Margin",
          "value": "30.26%",
          "rating": "A"
        },
        {
          "name": "Gross Margin",
          "value": "70.65%",
          "rating": "A"
        },
        {
          "name": "Revenue YoY",
          "value": "-4.33%",
          "rating": "D"
        },
        {
          "name": "Net Profit YoY",
          "value": "-55.28%",
          "rating": "D"
        },
        {
          "name": "Total Assets YoY",
          "value": "-4.44%",
          "rating": "D"
        },
        {
          "name": "Net Assets YoY",
          "value": "-2.41%",
          "rating": "D"
        },
        {
          "name": "Cash Flow Margin",
          "value": "224.29%",
          "rating": "B"
        },
        {
          "name": "OCF YoY",
          "value": "-4.33%",
          "rating": "D"
        },
        {
          "name": "Turnover",
          "value": "0.06",
          "rating": "E"
        },
        {
          "name": "Gearing Ratio",
          "value": "39.11%",
          "rating": "B"
        }
      ]
    }
  ]
}
```

## Valuation Analysis

| Metric | Current | Industry Ranking | High | Median | Low |
|--------|---------|-----------------|------|--------|-----|
| PE (TTM) | 25.27 | 25/42 | 12.48 | 11.25 | 10.87 |
| PB | 0.70 | 13/42 | 0.81 | 0.78 | 0.70 |
| PS (TTM) | 7.52 | 25/42 | 8.59 | 8.26 | 7.50 |
| Dividend Yield | 6.38% | 22/42 | 6.27% | 5.69% | 5.48% |

## Peer Comparison

| Rank | Name | Profit | Growth | Operation | Security | Cash | Rating |
| --- | --- | --- | --- | --- | --- | --- | --- |
| 01 | Keppel DC Reit (AJBU.SG) | A | B | E | A | C | B |
| 02 | CapLand IntCom T (C38U.SG) | B | C | E | B | C | C |
| 03 | CapLand Ascendas REIT (A17U.SG) | B | C | E | C | C | C |
| 04 | Mapletree PanAsia Com Tr (N2IU.SG) | B | D | E | B | C | C |
| 05 | Mapletree Log Tr (M44U.SG) | B | D | E | C | C | C |

## Institutional View

### Analyst Rating Distribution

> As of 2026-05-12T16:00:00.000Z

Total Analysts: **14**

| Rating | Count | Percentage |
|--------|-------|-----------| 
| Buy | 7 | 50% |
| Overweight | 3 | 21% |
| Hold | 4 | 29% |

### Target Price Forecast

| Metric | Price |
|--------|-------|
| Current Price | 1.25 |
| Highest Target | 1.75 |
| Lowest Target | 1.35 |

## References

- [Company Overview — Profile, executives, shareholders, business breakdown](https://longbridge.com/en/quote/N2IU.SG/overview.md)
- [Financial Reports — Income, balance sheet, cash flow, dividends](https://longbridge.com/en/quote/N2IU.SG/norm.md)
- [Related News](https://longbridge.com/en/quote/N2IU.SG/news.md)

---

> **Disclaimer: This article is for reference only and does not constitute any investment advice.**