Mapletree Investments full-year profit up 49 per cent to record $932 million

The listing of its fourth real estate investment trust (Reit) helped boost full-year earnings for Temasek Holdings' property arm Mapletree Investments.

Net profit for the 12 months to March 31 shot up 49 per cent to a record $931.7 million year-on-year, Mapletree said yesterday.

Revenue for the period also climbed 19.5 per cent to $686.3 million from the preceding year.

Mapletree said yesterday that its total assets under management (AUM) grew nearly 10 per cent to $21.8 billion.

It spun off two properties in China and Hong Kong into the Mapletree Greater China Commercial Trust, which debuted on the Singapore Exchange mainboard in March this year.

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