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Chart of the Week: Mapletree REITs Enjoying Stellar 2019

Tim Phillips

Three of Mapletree Investment Pte Ltd’s Singapore-listed REITs delivered earnings this week and the numbers did not disappoint investors looking for steadily rising distributions per unit (DPU). Mapletree Logistics Trust (SGX: M44U), Mapletree Industrial Trust  (SGX: ME8U) and Mapletree Commercial Trust  (SGX: N2IU) posted Q1 FY19/20 DPUs that were up, on a year-on-year basis, by 3.5%, 3.3%, and 3.6%, respectively.

Mapletree Investments is 100%-owned by Temasek Holdings, a commercial investment company that’s wholly-owned by the Singapore government. All three REITs year-to-date have left the Straits Times Index (SGX: ^STI) in the dust and also outperformed the FTSE Straits Times Real Estate Investment Index (see below) with Mapletree Logistics setting the pace with an impressive unit price return of +27.8% so far in 2019. But can they keep it up?

Mapletree REITs

Source: CapIQ as of 26 July 2019

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Tim Phillips owns shares in Mapletree Industrial Trust and Mapletree Logistics Trust. The Motley Fool Singapore has recommended shares of Mapletree Industrial Trust, Mapletree Logistics Trust and Mapletree Commercial Trust.

Motley Fool Singapore 2019