Mapletree Investments shoots for high sustainable returns, eyes more acquisitions and development activity
The property giant achieved a 10.9% average annual return on invested equity in the last decade, and aims for between 9% and 12% average annual returns by FY28/29
[SINGAPORE] Mapletree Investments is homing in on targets in its fourth Five-Year Plan, eyeing more strategic acquisitions and ramping up development activity to generate high, sustainable returns.
Over the past 10 years, the Temasek-owned property giant has generated a 10.9 per cent average annual return on invested equity, and hit a record S$80.3 billion in assets under management (AUM).
Its long-serving group chief executive officer Hiew Yoon Khong, in an e-mail interview with The Business Times, said: “From a Singapore-centric company, we have evolved into a global real estate leader with a diversified portfolio of over 930 assets across various asset classes in 13 markets.”
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