Mapletree Pan Asia Commercial Trust's (SGX:N2IU) distribution per unit or DPU fell by 2.6% in the fiscal fourth quarter ended March 31 to SG$0.019 from SG$0.0195 a year earlier, according to a Tuesday filing with the Singapore Exchange.
Amount available for distribution to unitholders was down 3.3% to SG$100.2 million from SG$103.6 million.
Net property income declined by 5.9% to SG$159.6 million from SG$169.5 million in the year-ago period.
Gross revenue edged down 5.5% year over year to SG$210.7 million from SG$222.9 million, despite an improved portfolio committed occupancy of 89.4% compared to the previous quarter.
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