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
FY16/17 Results
Five Year Targets
(By FY18/19)
Average ROIE1
11.7%
(from FY14/15)
10 – 15%
(five-year starting FY14/15)
NAV CAGR2
11.5%
10 – 15%
(five-year starting FY14/15)
EBIT + SOA3
S$1,575.1 million
S$1.6 billion – 2.3 billion
Fee Income4
S$277.4 million
S$350 million – 500 million
(five-year cumulative: >S$1.5 billion)
AUM
S$39.5 billion
S$40 billion – 50 billion
AUM Ratio 2.5:1 > 3:1
(managed versus owned assets)

1  ROIE denotes return on invested equity and is 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 adjustment 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 of 31 March 2014 as starting base for FY14/15 onwards, and NAV as of 31 March 2009 as starting base for the period from FY09/10 to FY13/14.
3  EBIT + SOA denotes recurring earnings before interest and tax plus share of operating profits of associated companies and joint ventures (excluding SOA gain/loss relating to disposal, foreign exchange, derivatives and revaluation), and includes earnings of REITs.
4  Includes REIT management fees

4  Includes REIT management fees