THE manager of Mapletree Pan Asia Commercial Trust : N2IU 0% (MPACT) reported a distribution per unit (DPU) of S$0.0224 for the second quarter ended Sep 30, 2023, down 8.2 per cent from S$0.0244 a year earlier.

This was due primarily to higher interest rates, the manager said in a bourse filing on Thursday (Oct 26).

Contributions from the trust’s overseas assets were also weighed down by foreign exchange effects resulting from a stronger Singapore dollar during the quarter.