Mapletree reports 6.2% y-o-y rise in net profits to $1.96 billion
In FY2022, Mapletree widened its student accommodation portfolio with several attainments in the UK as well as United States. As at March 31, the group’s student room profile comprises 57 possessions with over 24,000 beds throughout 38 cities in Canada, the UK and the United States. Mapletree additionally made numerous tactical purchases of office properties in the US, China and Japan, at an overall negotiable market value of around $704 million.
Sceneca Residences MCC Land Pte Ltd
In addition, Mapletree increased its multinational logistics presence with its first logistics land acquisition in India, a 49.7-acre area in Hoskote, Bengalaru with a growth opportunity of 107,941 square metres in total GFA. The group also grew its multinational logistics AUM with two portfolio procurements in the US at roughly US$ 3 billion ($4 billion).
As at March 31, 2022, the group’s money reserves ranked at $2,070.4 million as well as its unpaid debt to equity ratio decreased by 2.2 percent indicate 58.3%. Investor’s funds have even increased by 10.5% y-o-y to $19,519.9 million, primarily as a result of better Patmi in FY2022.
Mapletree had two outstanding M&A s. Unitholders of Mapletree Commercial Trust (MCT) and also Mapletree North Asia Commercial Trust (MNACT) recommended overwhelmingly for the plan of arrangement, as well as MCT unitholders also voted in favour of the improvement in fee system. Anywhere else, Mapletree became part of a consortium, Cuscaden Optimal, that received Singapore Press Holdings.
During the FY, Mapletree inflated US$ 2 billion from private funds, with the productive syndication of Mapletree US Income Commercial Trust (MUSIC), a US$ 552 million workplace fund in the United States, and Mapletree United States Logistics Private Trust (MUSLOG), a US$ 1.4 billion logistics fund also in the United States. In regards to capital recycling, the group lost $946 million of logistics properties to Mapletree Logistics Trust.
Mapletree Investments introduced a 6.2% y-o-y increase in final profit to $1.96 billion for the 12 months to March 31, its FY2022, containing $1.1 billion in real estate revaluation gains. Omitting revaluation increases, reoccuring profits increased 27.9% y-o-y to $810.2 million.
Investments under supervision went up by $12.4 billion to $78.7 billion. Income grew 4.6% y-o-y to $2,861.1 million in FY2022. Group Ebit and also shared ventures grew by 9.5% to $2,040.1 million, primarily because of its four Singapore-listed REITs and payments from new acquisitions in the United States as well as Europe. ROE kept at over 10%.
