In this article, I will be analysing two of the largest Industrial REITS – Ascendas REIT (AREIT) and Mapletree Industrial Reit.
AREIT did a comparison of all REITS’ Assets under Management (AUM) chart. Looking at the chart, we can see that AREIT is the largest industrial REIT with more than $10 billion AUM while MIT is the third largest industrial REIT with more than $4.4 billion AUM.
Both AREIT and MIT have strong sponsors. Ascendas Singbridge, a joint venture by both Temasek (51%) and JTC (49%), which owns 19% of AREIT, is a leading sustainable urban development and business space solutions provider. On the other hand, Mapletree Investments Pte Ltd is the sponsor for Mapletree REITS. Mapletree Investments was established in 2000 after Port of Singapore Authority (PSA) transferred non-port properties to Temasek