Mapletree in the red with loss on valuation decline

Mapletree noted a substantial decline in assets’ valuation within the office portfolios in the United States, Europe and Australia markets, especially. — The Straits Times

SINGAPORE: Mapletree Investments posted a net loss of S$577.2mil for the financial year ended March 31 amid industry headwinds, compared with a S$1.2bil net profit in 2023.

This comes as a high-interest environment led to expansion in real estate capitalisation rates in most markets, which in turn resulted in revaluation losses for the year, said the global real estate giant on May 28.