I like Mapletree Logistrics Trust, it has a stable and mature performance.It is one of the REIT eyes oversea property instead of Singapore marekt only. Recently they announced that it achieve significant milestone in South Korea. For the announcement you can click here. Its core company - Mapletree investment delivers strong performance for 1Q2011! This encouraging news boosting its related company shares price higher. MLT & MIT is one of the beneficials. Will their newly born brother Mapletree Commercial Trust performs well too? Who trades below its IPO price now! The answer has to wait until 2Q2011 result release. I personally quite confident and optimistic for all Mapletree companys' performance.
Below are highlight for Mapletree's FY10 Financial Performance:
• Revenue of S$590 million, up 30%
• PATMI of S$747 million, up 90%
• Shareholder’s Funds of S$5.8 billion, up 14%
• Total Assets at S$9.7 billion, up 11%
• Owned and Managed Assets S$15.4 billion, up 19%
• ROE up from 8% to 14%
• ROIE up from 8% to 12%
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