Pressure is on new Mapletree Reit to shine, given financial hit for its sponsor in the merger

BACKED by its strength in managing listed real-estate investment trusts (Reits) and private real-estate equity funds, Temasek’s privately held Mapletree Investments has consistently achieved return on equity (ROE) in excess of 10 per cent — outperforming many listed property groups.

Mapletree posted net profit of S$1.96 billion for the financial year ended Mar 31, 2022, up 6.2 per cent year on year. The group delivered a record year of recurring earnings at S$810.2 million, up 27.9 per cent from the previous financial year.

But Mapletree appears to have hit trouble with the merging of Mapletree Commercial Trust : N2IU 0% (MCT) and Mapletree North Asia Commercial Trust (MNACT) via a scheme of arrangement.