Latest news with #MapletreeInvestments
Business Times
08-07-2025
- Business
- Business Times
Temasek's Mapletree Investments eyes expansion in data centres, logistics and student housing
[SINGAPORE] Temasek's Mapletree Investments said it will look at opportunities to expand and diversify its footprint in data centres, logistics and student housing, three of its four core sectors. For data centres, it sees a surge in demand powering continued expansion in the sector. In particular, it will seek such opportunities in Europe, where a record amount of data centre capacity of 937 megawatts (MW) is expected to be added this year. That's up 43 per cent from 2024, the property giant said in its annual report for the financial year ended Mar 31. 'Investor appetite in this asset class will remain strong, driven by significant demand for computing power and data storage, lack of supply, desirable financial returns and growing interest around artificial intelligence (AI),' said group chief executive Hiew Yoon Khong. The company's focus in Europe is on established core markets as well as rapidly emerging markets such as Milan and Madrid which present strong potential for returns, he added. Within Asia-Pacific, Mapletree will focus on mature and high-potential emerging markets such as Japan and Korea. Most of Mapletree's data centre assets are held by Singapore-listed real estate investment trust (Reit), Mapletree Industrial Trust . BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up Mapletree also manages two Singapore-listed Reits and nine private equity real estate funds. Logistics and accommodation The property giant is 'generally positive' on the outlook of the logistics sector as well, 'with continued growth in demand for warehousing space expected in most markets', said Hiew. The sector is Mapletree's largest asset class, accounting for 42 per cent, or around S$33.7 billion of the group's total assets under management (AUM) of S$80.3 billion as at Mar 31. In the US, Mapletree expects groundbreaking for its logistics development on a 91,135 square metre site in New Jersey in the second half of this year. It will keep buying more land parcels to develop. Turning to student housing, another of Mapletree's core sectors, the company said it is looking to expand its footprint in new markets such as Spain. It has also recently started looking at opportunities in Australia, where it said there is growing demand and structural undersupply in the asset. Mapletree is in the process of preparing for the launch of a student-housing-focused fund in the current financial year ending on Mar 31, 2026. This will comprise its UK student housing assets with a total AUM of at least £500 million (S$865 million). As for office, also a core sector for Mapletree, Hiew said the company is 'cautious' in the short to medium term, given that certain markets are still impacted by the practice of remote work. Even so, Mapletree has continued to invest in the office markets in India and Vietnam.
Yahoo
07-07-2025
- Business
- Yahoo
Boost Your Portfolio with These 3 High-Quality Singapore REITs
The REIT sector had to endure more than two years of challenges as surging interest rates and soaring inflation ate into REITs' results. Many REITs had to grapple with higher operating and finance costs, which crimped their distributable income and, by extension, their distribution per unit (DPU). Income investors need to filter out strong and reliable REITs that can weather these challenges and emerge relatively unscathed. These REITs should possess strong sponsors, a robust portfolio of properties, with a manager that focuses on acquisitions and capital recycling to deliver sustainable returns. Here are three high-quality Singapore REITs that can help fortify your portfolio during tough times. Mapletree Industrial Trust, or MIT, is an industrial REIT with a portfolio of 141 properties spread across Singapore (83), the US (56), and Japan (2). The REIT had assets under management (AUM) of S$9.1 billion as of 31 March 2025. MIT is supported by a strong sponsor in Mapletree Investments Pte Ltd, an investment firm that manages a diverse portfolio of real estate assets worth S$80.3 billion as of 31 March 2025. The REIT is one of several that managed to increase its DPU. For its fiscal 2025 (FY2025) ending 31 March 2025, MIT saw gross revenue rise 2.1% year on year to S$711.8 million. Net property income (NPI) inched up 2% year on year to S$531.5 million while DPU crept up 1% year on year to S$0.1357. The REIT manager announced proactive asset management moves to manage the impact of vacancies in its North American data centres. These include reletting by extending leases or backfilling vacant spaces, repositioning assets through redevelopments, and rebalancing the portfolio through the divestment of non-core properties. Portfolio occupancy remained high at 91.6% for FY2025, and the industrial REIT registered a positive rental reversion of 8.1% for renewal leases in its Singapore portfolio. The manager was also active in acquisitions, as it announced the purchase of an Osaka data centre back in May 2023. The fitting out of this data centre was done in four phases and was completed back in May this year. That same month, MIT also announced the divestment of three properties in Singapore for S$535.3 million at a small premium to the properties' valuation. Although the sale will slightly lower DPU, it will reduce MIT's aggregate leverage to 37% (from 40.1%) and improve portfolio occupancy to 92%. CapitaLand Ascendas REIT, or CLAR, is Singapore's oldest industrial REIT and owns a portfolio of 226 properties with an AUM of S$16.9 billion as of 31 March 2025. The REIT is anchored by a strong sponsor in blue-chip CapitaLand Investment Limited (SGX: 9CI), which manages S$117 billion of funds under management. Like MIT, CLAR is also one of several REITs to report a slight year-on-year DPU increase. DPU for 2024 inched up 0.3% year on year to S$0.15205 on the back of a 2.9% year-on-year improvement in gross revenue to S$1.52 billion. The REIT's first quarter of 2025 (1Q 2025) business update also displayed strong operating metrics. Portfolio occupancy stood high at 91.5% and the portfolio enjoyed a positive rental reversion of 11%. Back in May, the manager announced a yield-accretive acquisition of two fully occupied industrial properties in Singapore. This purchase is poised to add 1.36% to CLAR's 2024 DPU and also opens up the properties to organic growth potential that can increase their rental income in the future. Meanwhile, CLAR is also undertaking ongoing projects worth S$498.4 million to improve the returns on its existing portfolio. These projects, which include redevelopments and refurbishments, should be completed from 3Q 2025 to 1Q 2028. Parkway Life REIT is a healthcare REIT with a portfolio of three hospitals in Singapore, 60 nursing homes in Japan, and 11 nursing homes in France. The REIT used to own a strata-titled medical centre in Malaysia, but this asset was divested after 1Q 2025. Parkway Life REIT has a strong sponsor in IHH Healthcare Berhad (SGX: Q0F), an integrated healthcare player that owns hospitals and clinics in Singapore, Malaysia, and Turkey. The healthcare REIT has a stellar DPU track record, having reported uninterrupted core DPU increases since its IPO in 2007. Its 1Q 2025 business update was equally impressive. Gross revenue and NPI increased by 7.3% and 7.5% year on year, respectively, to S$39 million and S$36.8 million. DPU continued its rise, increasing 1.3% year on year to S$0.0384. Parkway Life REIT announced a major acquisition of 11 nursing homes in France last year for €112 million. This purchase adds a third key market for the healthcare REIT that can provide DPU growth and diversification. The REIT's gearing remained reasonable at 36.1% with a low all-in cost of debt of just 1.5%. With a healthy interest cover ratio of 9.3 times, Parkway Life REIT can tap into more debt financing for more yield-accretive acquisitions in the future. Boost your portfolio's returns with 5 SGX stocks that promise both stability and steady growth. We bring you the names of these rock-solid stocks, including why they could drive massive dividends over the next few years. If you're looking to invest for retirement, this guide is a must-read. Click HERE to download now. Follow us on Facebook, Instagram and Telegram for the latest investing news and analyses! Disclosure: Royston Yang owns shares of Mapletree Industrial Trust. The post Boost Your Portfolio with These 3 High-Quality Singapore REITs appeared first on The Smart Investor. 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Straits Times
03-06-2025
- Business
- Straits Times
Mapletree Investments returns to profit, hits record assets under management of $80.3 billion
Mapletree Investments manages three Singapore-listed real estate investment trusts and nine private equity real estate funds. PHOTO: ST FILE Mapletree Investments returns to profit, hits record assets under management of $80.3 billion SINGAPORE - Temasek's Mapletree Investments reversed a loss from the previous year to turn a profit of $227.2 million for the full-year ended March 31, on the back of narrowed overall revaluation losses. This was while its assets under management (AUM) hit a record $80.3 billion, 3.6 per cent higher than $77.5 billion reported in the same period the year before, the company said in a statement on June 3. Revenue for the period was $2.2 billion, lower than the year before due to the deconsolidation of Mapletree Logistics Trust (MLT), one of three Singapore-listed real estate investment trusts managed by the group. Excluding the impact of the deconsolidation, the group's revenue was 1.2 per cent higher than in the previous financial year. Recurring profit after tax and minority interests was $637.4 million for the full year. Separately, the company recorded total net proceeds of $897 million from divestment of non-core assets, other divestments to MLT and the syndication of Mapletree Japan Investment Country Private Trust. The group's projects under development increased to $5.5 billion, from $3.7 billion previously. Mr Hiew Yoon Khong, group chief executive officer, said the company had deepened its focus on its core sectors for this financial year. These include logistics, student housing, office and data centres. This was done through prioritising operational performance, investing selectively in specific markets with growth potential, and embarking on more development projects for higher returns, he added. 'These strategic priorities underpinned Mapletree's resilient FY24/25 performance, and will continue to guide the group in fostering sustainable growth.' Logistics and accommodation Mapletree Investments manages three Singapore-listed real estate investment trusts and nine private equity real estate funds. In logistics, the group continued to acquire quality logistics assets and embarked on new logistics development initiatives across the Asia-Pacific. In Europe, it entered the United Kingdom logistics market by acquiring Derby DC1 and Verda Park. It also deepened its presence in Spain by acquiring a portfolio of 10 logistics assets. As at March 31, 2025, the group's logistics portfolio in Europe and the United Kingdom stood at $2.2 billion. The group is also currently marketing a new logistics development fund, focusing on Malaysia, India and Vietnam, where 'institutional-grade logistics products are undersupplied', it said. The Mapletree Emerging Growth Asia Logistics Development Fund (Mega), will comprise development assets with a total AUM of US$1.8 billion (S$2.3 billion), and is targeted to close this year. In student housing, the group completed a £1 billion (S$1.74 billion) acquisition of a portfolio of 31 UK and Germany student housing assets. This move sent Mapletree to fourth position among the largest student-housing owners in the UK as at March 31, from seventh place. Offices and data centres As for the office sector, Mapletree continued to pour investments into the India and Vietnam markets to ride the demand for quality offices. In India, the group acquired a land parcel in Bengaluru for a greenfield office-development project called Global Business City in FY24/25. When completed, it will house office spaces with a net lettable area of 743,224 sq m on a plot 153,780 sq m in size. Iin Vietnam, Mapletree acquired a land parcel in Hanoi to develop a 92,000 sq m, Grade-A mixed-use office project with retail amenities. In the data centre sector, Mapletree Industrial Trust acquired a freehold, mixed-use facility in Japan, with a redevelopment opportunity to turn it into a data centre. Meanwhile, the group's first data centre development, in Fanling, Hong Kong, is set to complete in the second half of this year. 'Mapletree will continue to explore new opportunities to expand its data centre footprint in established core markets in Europe, where investor appetite remains strong,' it said. It will also explore emerging markets such as London, Milan and Madrid, which present 'strong potential for returns'. In the Asia-Pacific, the group will focus on mature and high-potential markets such as Japan and Korea. Said Mr Hiew: 'We will continue to prioritise enhancing operational performance for our existing assets, maintaining a selective investment approach in markets with growth potential, creating greater value through development projects... all the while deepening collaborations with like-minded capital partners on new funds and syndication.' THE BUSINESS TIMES Join ST's Telegram channel and get the latest breaking news delivered to you.
Business Times
03-06-2025
- Business
- Business Times
Temasek's Mapletree Investments returns to profit, hits record AUM of S$80.3 billion in FY2025
[SINGAPORE] Temasek's Mapletree Investments reversed a loss from the previous year to turn a profit of S$227.2 million for the full-year ended Mar 31, on the back of narrowed overall revaluation losses. This was while its assets under management (AUM) hit a record S$80.3 billion, 3.6 per cent higher than S$77.5 billion reported in the same period the year before, the company said in a statement on Tuesday (Jun 3). Revenue for the period was S$2.2 billion, lower than the year before due to the deconsolidation of Mapletree Logistics Trust (MLT), one of three Singapore-listed real estate investment trusts managed by the group. Excluding the impact of the deconsolidation, the group's revenue was 1.2 per cent higher than in the previous financial year. Recurring profit after tax and minority interests was S$637.4 million for the full year. Separately, the company recorded total net proceeds of S$897 million from divestment of non-core assets, other divestments to MLT and the syndication of Mapletree Japan Investment Country Private Trust. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up The group's projects under development increased to S$5.5 billion, from S$3.7 billion previously. Hiew Yoon Khong, group chief executive officer, said the company had deepened its focus on its core sectors for this FY. These include logistics, student housing, office and data centres. This was done through prioritising operational performance, investing selectively in specific markets with growth potential, and embarking on more development projects for higher returns, he added. 'These strategic priorities underpinned Mapletree's resilient FY24/25 performance, and will continue to guide the group in fostering sustainable growth.' Logistics and accommodation Mapletree Investments manages three Singapore-listed real estate investment trusts and nine private equity real estate funds. In logistics, the group continued to acquire quality logistics assets and embarked on new logistics development initiatives across the Asia-Pacific. In Europe, it entered the United Kingdom logistics market by acquiring Derby DC1 and Verda Park. It also deepened its presence in Spain by acquiring a portfolio of 10 logistics assets. As at Mar 31, 2025, the group's logistics portfolio in Europe and the UK stood at S$2.2 billion. The group is also currently marketing a new logistics development fund, focusing on Malaysia, India and Vietnam, where 'institutional-grade logistics products are undersupplied', it said. The Mapletree Emerging Growth Asia Logistics Development Fund (Mega), will comprise development assets with a total AUM of US$1.8 billion, and is targeted to close this year. In student housing, the group completed a £1 billion (S$1.7 billion) acquisition of a portfolio of 31 UK and Germany student housing assets. This move sent Mapletree to fourth position among the largest student-housing owners in the UK as at Mar 31, from seventh place. Offices and data centres As for the office sector, Mapletree continued to pour investments into the India and Vietnam markets to ride the demand for quality offices. In India, the group acquired a land parcel in Bengaluru for a greenfield office-development project called Global Business City in FY24/25. When completed, it will house office spaces with a net lettable area of 743,224 square metres (sq m) on a plot 153,780 sq m in size. Over in Vietnam, Mapletree acquired a land parcel in Hanoi to develop a 92,000 sq m, Grade-A mixed-use office project with retail amenities. In the data centre sector, Mapletree Industrial Trust acquired a freehold, mixed-use facility in Japan, with a redevelopment opportunity to turn it into a data centre. Meanwhile, the group's first data centre development, in Fanling, Hong Kong, is set to complete in the second half of this year. 'Mapletree will continue to explore new opportunities to expand its data centre footprint in established core markets in Europe, where investor appetite remains strong,' it said. It will also explore emerging markets such as London, Milan and Madrid, which present 'strong potential for returns'. In the Asia-Pacific, the group will focus on mature and high-potential markets such as Japan and Korea. Said Hiew: 'We will continue to prioritise enhancing operational performance for our existing assets, maintaining a selective investment approach in markets with growth potential, creating greater value through development projects ... all the while deepening collaborations with like-minded capital partners on new funds and syndication.'
South China Morning Post
25-02-2025
- Business
- South China Morning Post
Singapore's Mapletree wins land tender, adds Tsing Yi logistics site to Hong Kong assets
Hong Kong has awarded Singapore's Mapletree Investments a 50-year land grant to a parcel of land in the New Territories for about HK$3.68 billion (US$473 million), according to the Lands Department on Tuesday. Advertisement Mapletree's unit Titanium 2 was the sole bidder for the 44,318-square-metre (477,000 sq ft) logistics site in Tsing Yi following a tender that closed on Friday. The 'positive market response' to the site, known as Tsing Yi Town Lot 202, 'clearly reflects the trade's continual confidence in Hong Kong's role as an international logistics hub', a spokesman for the Transport and Logistics Bureau said. Three other logistics sites will be released 'in a timely manner, taking into consideration the market situation', he added. Mapletree's real estate portfolio in Hong Kong includes an 11-storey grade-A logistics hub with a gross floor area of 120,550 square metres, also in Tsing Yi, and the Festival Walk shopping centre in Kowloon Tong, which has a gross floor area of 112,297 square metres. Advertisement The parcel can support a maximum gross floor area of 227,836 square metres for a multi-storey logistics facility and a public car park. Wholly owned by Singapore investment firm Temasek Holdings, Mapletree paid HK$1.69 billion in 2013 for its first site in Tsing Yi, which was its first greenfield development in Hong Kong.
