Key Facts
Developing for success and sustainability
Performance Measurement

Mapletree challenged itself to achieve six growth targets by tapping on its strengths as a real estate developer, investor and capital manager. In the past few years, the Group has achieved significant scale, strong earnings and high returns in the process.

To continue to create value and deliver returns, Mapletree established a set of stretched targets to be achieved in five years, starting FY14/15. These performance indicators focus the Group on maintaining a disciplined approach in executing the business strategy – as they balance the importance of strong earnings and sustained returns as Mapletree scales from a Singapore-based business to one with a global presence.

Indicator
FY18/19 Results
Five Year Targets
(By FY18/19)
Average five-year ROIE1
11.0%
(from FY13/14)
10 – 15%
(five-year starting FY14/15)
Five-year NAV CAGR2
13.1%
(from FY13/14)
10 – 15%
(five-year starting FY14/15)
EBIT + SOA3
S$2.1 billion
S$1.6 billion – 2.3 billion
Fee Income4
S$451 million
(S$1.54 billion)
S$350 million – 500 million
(five-year cumulative: >S$1.5 billion)
AUM
S$55.7 billion
S$40 billion – 50 billion
AUM Ratio 2:1 > 3:1
(managed versus owned assets)

1  ROIE computed based on Operational PATMI (less profit attributable to perpetual securities) over the Group’s equity from shareholder adjusted for unrealised revaluation gains or losses and such other non-cash flow and non-operating items including mark-to-market fair value adjustments and negative goodwill.
2  NAV CAGR is adjusted for dividends distributed to shareholder and calculated excluding non-controlling interests and perpetual securities and with NAV as at 31 March 2014 as starting base.
3  Earnings before interest and tax (EBIT) plus share of operating profit or loss of associated companies and joint ventures (SOA), excluding revaluation gains or losses, divestment gains or losses, foreign exchange and derivatives gains or losses.
4  Includes REIT management fees.