Mapletree reports 6.2% y-o-y rise in net profits to $1.96 billion

Assets under management went up by $12.4 billion to $78.7 billion. Profits went up 4.6% y-o-y to $2,861.1 million in FY2022. Group Ebit as well as shared investings developed by 9.5% to $2,040.1 million, primarily as a result of its four Singapore-listed REITs and also payments from new procurements in the United States and also Europe. ROE preserved at above 10%.

Mapletree Investments disclosed a 6.2% y-o-y increase in final revenue to $1.96 billion for the 12 months to March 31, its FY2022, involving $1.1 billion in building revaluation gains. Excluding revaluation profits, repeating revenues climbed 27.9% y-o-y to $810.2 million.

During the FY, Mapletree boosted US$ 2 billion from exclusive funds, with the profitable syndication of Mapletree US Income Commercial Trust (MUSIC), a US$ 552 million office fund in the United States, as well as Mapletree US Logistics Private Trust (MUSLOG), a US$ 1.4 billion logistics fund additionally in the US. In regards to funding recycling, the group unloaded $946 many logistics assets to Mapletree Logistics Trust.

Mapletree had 2 successful M&A s. Unitholders of Mapletree Commercial Trust (MCT) as well as Mapletree North Asia Commercial Trust (MNACT) recommended extremely for the system of arrangement, as well as MCT unitholders also voted in favour of the change in payment system. In other places, Mapletree became part of a consortium, Cuscaden Height, that obtained Singapore Press Holdings.

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As at March 31, 2022, the group’s cash reserves stood at $2,070.4 million as well as its debt to equity ratio decreased by 2.2 percentage points to 58.3%. Shareholder’s funds have even expanded by 10.5% y-o-y to $19,519.9 million, primarily due to greater Patmi in FY2022.

Additionally, Mapletree enhanced its worldwide logistics footprint with its initial logistics land purchase in India, a 49.7-acre location in Hoskote, Bengalaru with a development capability of 107,941 square metres in total GFA. The group likewise rose its global logistics AUM with 2 profile procurements in the US at about US$ 3 billion ($4 billion).

In FY2022, Mapletree expanded its student rental profile with several buys in the UK and also US. As at March 31, the group’s school room portfolio makes up 57 assets with over 24,000 beds throughout 38 cities in Canada, the UK and also the United States. Mapletree additionally made several tactical procurements of business estates in the US, China as well as Japan, at an entire transactional value of approximately $704 million.

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