Mapletree Industrial Trust

Mapletree Industrial Trust

MAPIF
Mapletree Industrial TrustUS flagOther OTC
1.45
USD
- -
- -
4.14BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
0.17
0.17
0.18
0.18
0.18
0.18
0.18
0.18
0.21
0.23
0.23
0.24
0.23
0.24
Basic EPS, GAAP
0.19
0.22
0.15
0.15
0.16
0.14
0.17
0.07
0.17
0.11
0.04
0.12
0.08
0.12
Free Cash Flow per Basic Share
0.11
0.12
0.12
0.13
0.13
0.13
0.14
0.1
0.19
0.17
0.15
0.17
0.15
0.17
Dividend per Share
0.06
0.06
0.06
0.11
0.12
0.11
0.1
0.12
0.12
0.09
0.14
0.13
0.13
0.13
Book Value per Share
1.22
1.34
1.39
1.4
1.51
1.6
1.7
1.69
1.86
1.82
0.26
0.25
1.65
0.25
Tangible Book Value per Share
1.22
1.34
1.39
1.4
1.51
1.6
1.68
1.68
2.03
1.99
1.88
1.83
1.84
1.8
Basic Weighted Avg Shares
1,668
1,721
1,776
1,808
1,843
1,909
2,121
2,313
2,603
2,702
2,817
2,841
2,853
2,845
Sales/Revenue/Turnover
282
297
314
322
338
350
379
417
554
611
661
681
644
682
Operating Margin (%)
67.04
67.93
68.78
70.56
72.98
72.6
74.37
74.2
73.79
73.72
68.81
68.27
68.2
68.25
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
314
374
273
271
301
271
367
164
439
291
121
345
221
348
Effective Tax Rate (%)
0.02
0.29
- -
- -
0.01
- -
0.02
16.87
6.43
7.6
11.72
7.9
15.47
8.7
Profit Margin (%)
111.31
126.17
86.69
84
88.97
77.4
96.84
39.48
79.32
47.63
18.24
50.68
34.39
51.05
Working Capital
-308
-108
-61
-174
-225
-105
-31
-229
-342
-159
-61
-608
-409
93
LT Debt
784
949
974
991
1,033
1,321
1,455
1,902
2,552
2,705
3,002
2,673
1,959
2,790
Total Equity
2,029
2,312
2,465
2,533
2,780
3,048
3,560
3,895
5,279
5,376
5,289
5,192
5,246
5,117
Return on Invested Capital (%)
6.31
6.14
6.29
6.37
6.45
6.02
5.95
4.59
5.31
5.05
4.82
5.08
4.62
5.07
Return on Capital (%)
11.34
12.09
8.77
8.28
8.62
7.32
8.62
3.43
6.89
5.08
4.66
11.37
5.31
7.89
Return on Common Equity (%)
16.37
17.25
11.41
10.83
11.31
9.3
11.04
4.39
10.05
5.97
4.29
48.73
8.18
14.42

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
446
595
440
LT Borrowings
2,722
2,571
2,691
LT Finance Leases
100
101
100
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,848
2,851
2,852
Market Capitalization
6,978
5,918
5,212

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
176
141
679
Cash, Cash Equivalents & STI
128
108
109
Accounts Receivable, Net
43
5
22
Inventories
- -
- -
535
Total Current Liabilities
625
749
585
Payables & Accruals
- -
- -
- -
ST Debt
446
595
440
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.33%
6.99%
1.03%
Free Cash Flow
10.92%
19.66%
-11.23%
Net Income, GAAP
20.6%
45.05%
-35.86%
Sales/Revenue/Turnover
7.81%
9.8%
-5.46%
Total Cash Common Dividend
16.24%
10.18%
3.96%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
161
165
164
170
661
2025
167
174
170
170
681
2026
168
156
156
- -
644

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.03
0.03
-0.06
0.04
2025
0.03
0.03
0.03
0.02
0.12
2026
0.04
0.03
-0.02
- -
0.08

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.03
0.03
0.03
0.14
2025
0.04
0.03
0.03
0.03
0.13
2026
0.04
0.03
0.03
- -
0.13

Company Description

APIChat
CEO
Lily Ler
Full Time Employees
186
Sector
Real Estate
Industry
REIT - Industrial
Address
10 Pasir Panjang Road Singapore Singapore 117438
IPO Date
Sep 6, 2012
Business
Mapletree Industrial Trust is a Singapore-based real estate investment trust (REIT) specializing in income-producing industrial properties and data centers. The trust's portfolio comprises approximately 140 properties, including high-specification industrial facilities, data centers, business parks, and general industrial buildings spread across Singapore, North America, and Japan. It is externally managed by Mapletree Industrial Trust Management Limited, a subsidiary of its sponsor, Mapletree Investments, which holds around a 31% stake. Founded in 2010 and headquartered in Singapore, Mapletree Industrial Trust targets industrial tenants across various sectors including IT, media, technology, and biomedical industries. The Trust's core products and services include leasing industrial facilities such as flatted factories and hi-specification buildings; managing data center developments and operations; and offering business park spaces designed to meet diverse enterprise requirements. Its assets under management are valued at approximately S$8.5 billion, covering a net lettable area of about 23.9 million square feet. Key geographic operations extend beyond Singapore to North America and Japan, with recent strategic acquisitions expanding its footprint notably in Tokyo and Osaka for data center assets. Recent major company developments include the acquisition of a 98.47% stake in a mixed-use facility in Tokyo for redevelopment into a data center, enhancing its presence in Japan. In 2025, Mapletree Industrial Trust divested three Singapore industrial properties to Brookfield Asset Management for S$535.3 million, representing the largest industrial transaction in Singapore for that year, aimed at portfolio optimization and debt reduction. The Trust also divested a U.S. data center asset and plans further divestments worth up to S$200 million in FY2025 to enhance portfolio balance and deliver sustainable returns. These strategic moves underscore a focus on growing high-value data centers and specialty industrial assets while optimizing existing holdings to maintain strong financial metrics and yield performance for unitholders. Overall, Mapletree Industrial Trust operates within the industrial real estate and data center segments, serving a global tenant base with a diversified and high-quality portfolio centered in Singapore with international exposure in key developed markets. It continues to pursue asset recycling and selective acquisition strategies to enhance portfolio quality and return on investment while supporting long-term growth.

Company News

APIChat
  • Mapletree Industrial Trust (MAPIF) Q4 2026 Earnings Call Transcript

  • Mapletree Industrial Trust (MAPIF) Expected to Announce Quarterly Earnings on Tuesday

  • Mapletree Industrial Trust (MAPIF) Q2 2026 Earnings Call Transcript

  • Macquarie Asset Management Closes Macquarie Alliance Partners Infrastructure Fund (MAPIF) With Over $US700 Million in Total Fund and SMA Capital Commitments

  • Mapletree Industrial Trust: Turning Positive On Portfolio Restructuring Initiatives (Rating Upgrade)

  • Mapletree Industrial Trust (MAPIF) Q4 2024 Earnings Call Transcript

  • Mapletree Industrial: A Hold Considering Lease Renewal Risks And Capital Allocation Moves

  • Mapletree Industrial Trust (MAPIF) Q2 2025 Earnings Call Transcript

  • Mapletree Industrial Trust: A Data-Center-Rich S-REIT Beating U.S. Peers

  • Mapletree Industrial Trust: Risk-Reward Is Balanced

  • Mapletree Industrial Trust (MAPIF) Q4 2024 Earnings Call Transcript

  • Mapletree Industrial Trust: It Isn't Just About Rate Cuts

  • Mapletree Industrial Trust (MAPIF) Q2 2023 Earnings Call Transcript

  • Mapletree Industrial Trust (MAPIF) Q4 2022 Earnings Call Transcript