On 25 April 2024, Mapletree Industrial Trust (“MIT”) have announced their full year results for FY2024. There were revaluation losses to the investment properties as at their financial year end, though overall this seems to be well-managed as gearing ratio remains relatively unchanged. It does have an impact on the net assets of MIT however, which pushed up the price to book ratio. DPU have also seen an overall decrease for the financial year, mainly attributable to the enlarged unitholder base from the private placement.

Despite the above, MIT has remained relatively stable and there were no significant changes to the other metrics. This should provide investors with some assurance that they will be able to ride out any uncertainties.

Website: Financial Statements And Related Announcement::Full Yearly Results

Photo source: https://fifthperson.com/2021-mapletree-industrial-trust-agm/

Background

MIT is a real estate investment trust listed on the Main Board of Singapore Exchange. The principal