Mapletree North Asia Gets Insurance Payments

News about Mapletree North Asia Commercial Trust

Mapletree North Asia Trust, which owns the Festival Walk mall in Hong Kong, has started receiving payments from its insurance for the damage the mall suffered during the protests and civil unrest last year:

"To date, the manager has received interim payments of HK$263 million (approximately S$46 million) on account of the estimated insurance claims," MNACT manager noted on Wednesday.

Mapletree North Asia Commercial Trust
Price0.900 SGD
NAV1.412 SGD
Yield (4 quarters)5.75%
Gearing39.3%