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.