The property giant achieved an average 10.9% return on invested equity in the last decade, and aims for between 9% and 12% returns by FY28/29
[SINGAPORE] Mapletree Investments is homing in on tarobtains 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 an average 10.9 per cent 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, stated: “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.”
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to obtain Decoding Asia newsletter. Delivered to your inbox. Free.
Leave a Reply