Mapletree Industrial Trust Management Ltd. (MAPIF,ME8U.SI), a Singaporean real estate investment trust, on Tuesday reported a net loss for the final quarter of fiscal 2025-26, hurt by the net change in fair value of investment properties.
For the three-month period to March 31, the company posted a net loss of S$65.457 million, compared with a net income of S$51.531 million in the same period last year. Net loss per share stood at 2.29 cents as against the prior year's net profit of 1.81 cents per share.
Loss before tax was S$36.219 million, compared with a profit before tax of S$79.441 million a year ago. Net change in fair value of investment properties was negative S$134.505 million, compared with negative S$16.628 million in 2025. Net property income slipped to S$119.862 million from S$131.174 million in the previous year.
Gross revenue was S$163.759 million, less than last year's S$177.798 million.
Looking ahead, the company said: "The Manager will also continue to undertake selective divestments of S$500 million to S$600 million in North America to enhance MIT's financial flexibility and redeploy capital into markets and assets that can provide sustainable growth."
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.