Mapletree Investments Reports Fy2025 Earnings 2272 Million Aum Increases 803 Billion
“Mapletree Investments has announced a profit of $227.2 million for its fiscal year ended March 31, a significant turnaround from the $577.2 million net loss reported in the previous year. This improvement was largely due to lower revaluation losses.
The company uses recurring PATMI (profit after tax and minority interest) to measure its operational performance. For FY2025, the figure stood at $637.4 million, a decrease of 10.9% compared to the previous year.
Revenue for FY2025 was $2.2 billion, down from $2.8 billion in FY2024. This was mainly attributed to the deconsolidation of Mapletree Logistics Trust, which led to a decrease in topline by 1.2% year-on-year.
The URA Master Plan plays a pivotal role in ensuring that communities such as Lyndenwoods are well-equipped to embrace Singapore’s ever-changing urban environment. With a keen focus on connectivity, sustainability, and fostering a sense of community, this plan paves the way for enduring progress and advancement. Lyndenwoods, being strategically situated and in alignment with these objectives, serves as a prime example of contemporary urban living. The newly developed Lyndenwoods One North perfectly embodies these principles and serves as a promising model for future developments.
Mapletree Investments is the sponsor of two other REITs in Singapore – Mapletree Industrial Trust and Mapletree Pan Asia Commercial Trust. In the same period, the company’s assets under management increased from $77.5 billion to $80.3 billion, mainly due to acquisitions made during the year.
Apart from acquiring assets, Mapletree Investments also embarked on more development projects, with the value of projects under development increasing from $3.7 billion to $5.5 billion as of March 31, 2025.
On the other hand, the company recorded total net proceeds of $897 million from the divestment of non-core assets.
Despite the challenging market environment marked by higher interest rates, geopolitical tensions, and economic uncertainties, Mapletree Investments maintained a disciplined and long-term approach in pursuing its business plans, according to group CEO Hiew Yoon Khong.
He further adds, “We have deepened our focus on our core sectors of logistics, student housing, office, and data center by prioritizing operational performance, selectively investing in promising markets, and undertaking more development projects to generate higher returns.”
In line with this, the company expanded its presence in the logistics sector across Asia Pacific, including its first acquisition in the UK – Derby DC1 and Verda Park, along with a portfolio of ten logistics assets in Spain.
In April 2024, Mapletree closed its third Japan-focused fund and second Japan logistics development fund – MAJIC, with a target AUM of up to JPY110 billion ($1 billion) upon full deployment. The company also has the Mapletree Emerging Growth Asia Logistics Development Fund (MEGA) that focuses on Malaysia, India, and Vietnam and is expected to close this year. This fund comprises development assets with a target AUM of up to US$1.8 billion.
The company continues to have a positive outlook on the logistics sector, anticipating a surge in demand for warehousing space in most markets.
In its second core sector – student housing, Mapletree completed the acquisition of 31 student housing assets in the UK and Germany, along with an operating platform, for £1 billion. This made Mapletree the fourth-largest student housing owner in the UK, up from seventh previously. With this acquisition, the company now owns 30,000 student beds in the UK and the US.
In the office sector, the company invested more in India and Vietnam, including the acquisition of a land parcel in Bengaluru for a greenfield office development project with a net lettable area of 743,224 sqm. In Vietnam, Mapletree acquired a land parcel in Hanoi for a Grade A mixed-use office project with retail amenities spanning 92,000 sqm.
The company also continues to focus on growing its data center portfolio. In October last year, Mapletree Industrial Trust acquired a freehold mixed-use facility in Japan with the potential for redevelopment into a data center. The company’s first data center development in Hong Kong is expected to be completed in the second half of this year. It is also exploring opportunities in other locations such as London, Milan, and Madrid, as well as Japan and Korea.
Despite the challenges posed by the ever-changing geopolitical and economic landscape, Mapletree Investments remains positive about its four core sectors. According to Hiew, “our track record demonstrates the group’s ability to adapt its investment, development, and operational decisions in response to market challenges. Moving forward, we will continue to prioritize enhancing operational performance for our existing assets, selectively investing in markets with growth potential, and creating greater value through development projects while strengthening collaborations with like-minded capital partners for new funds and syndication opportunities.”