The Business Times
business-time-50
SUBSCRIBERS

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

google-preferred-sourceAdd BT as a preferred source
Leslie Yee

Leslie Yee

Published Thu, Jul 14, 2022 · 05:50 AM
    • The newly created Reit will own best-in-class Singapore assets, including VivoCity mall (above).
    • The newly created Reit will own best-in-class Singapore assets, including VivoCity mall (above). PHOTO: BT FILE

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    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 (MCT) and Mapletree North Asia Commercial Trust (MNACT) via a scheme of arrangement.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    ReitsS-Reitsmapletree nac trustmapletree commercial trustM&AHock Lock Siew

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

    From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

    The fourth Amity Circle retreat was hosted by Temasek Foundation from Apr 8 to 10 in Hanoi.

    Middle East-linked energy supply shocks put Asean Power Grid back in focus

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    DPM Gan Kim Yong said the question is not whether shocks will occur in future, but whether Singapore's systems are able to absorb them, and continue to function.

    DPM Gan warns of 3 structural shifts to the global system that will bring greater challenges – and opportunities

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More