SINGAPORE (Sept 16): In the last 20 years, the growing universe of real estate investment trusts — with its track record of comparative stability and steady returns and a combined market value of about $100 billion — has helped the Singapore Exchange become a global hub for REITs to list.
Still, despite the entry of more foreign players, the Singapore-based plays have held their own. For this year’s Billion Dollar Club awards, the Mapletree family made a clean sweep in the REITs and business trusts sector.
Mapletree Commercial Trust (MCT) was ranked the overall winner in the sector. It had the highest score for the growth in profit after tax category as well. Its environmental, social and governance score of 17.22 points was not the top in this metric, but put it somewhere in the middle in the REITs sector compared with top scorer CapitaLand Commercial Trust, which garnered 20.64 points. Mapletree Industrial Trust (MIT), on the other hand, scored highest in the return on equity (ROE) category. Mapletree Logistics Trust (MLT), meanwhile, scored highest for shareholders’ returns. The Mapletree family of REITs consists of a fourth member: Mapletree North Asia Commercial Trust.