Mapletree Investments eyes average ROE of 9% to 12% by FY2029, bets big on four sectors

MAPLETREE Investments will sharpen its focus on four core sectors – data centres, logistics, offices and student housing – through strategic investments and increased development activity, it said in its annual report for the financial year ended Mar 31. 

It is also aiming for an average return on equity (ROE) of between 9 and 12 per cent by FY2029 under its new five-year plan.

The property giant – wholly owned by state investment firm Temasek and with assets under management (AUM) at S$77.5 billion as at Mar 31 – will continue to invest prudently and take on a more active syndication and monetisation strategy, said group chief executive officer Hiew Yoon Khong in his message.