Mapletree Ind Tr ME8U

SGD 1.74 +0.00% +0.00 Updated 21 Oct 2026, 17:16 SGT

Financials

Annual report

Open annual report

Explore the statements

17 tables

Earnings per unit

1 metrics

Units appear below each metric. Scroll to compare years

Earnings per unit from Annual report
Metric / unit 2026Group2025Group Source
Statements of Profit or Loss; Earnings per unit
– Basic and diluted (cents)cents per unit 7.4011.81 PDF p. 122
Definitions & sources

The report presents earnings per unit for Group only; the MIT columns contain no printed EPS values.

Statements of Profit or Loss

26 metrics

Units appear below each metric. Scroll to compare years

Statements of Profit or Loss from Annual report
Metric / unit 2026Group2025Group2026MIT2025MIT Source
Statements of Profit or Loss
Gross revenueS$’000 672,991711,833379,801400,721 PDF p. 122
Property operating expensesS$’000 (172,638)(180,373)(90,495)(98,342) PDF p. 122
Net property incomeS$’000 500,353531,460289,306302,379 PDF p. 122
Interest incomeS$’000 1,0201,5741,3052,030 PDF p. 122
Investment incomeS$’000 ––49,577115,520 PDF p. 122
Borrowing costsS$’000 (84,789)(105,142)(10,375)(20,266) PDF p. 122
Statements of Profit or Loss; Manager’s management fees
– Base feesS$’000 (39,504)(41,067)(18,482)(20,026) PDF p. 122
– Performance feesS$’000 (18,147)(19,040)(10,415)(10,886) PDF p. 122
Statements of Profit or Loss
Trustee’s feesS$’000 (983)(1,055)(983)(1,034) PDF p. 122
Other trust expensesS$’000 (2,644)(5,303)(2,556)(2,672) PDF p. 122
Other incomeS$’000 3,0412,628–2,628 PDF p. 122
Net foreign exchange gain/(loss)S$’000 1,947(2,745)7,132(1,114) PDF p. 122
Net change in fair value of financial derivativesS$’000 875(265)(7,543)(11,675) PDF p. 122
Net change in fair value of investment propertiesS$’000 (131,485)(16,628)28,41018,585 PDF p. 122
Gain on divestment of investment propertiesS$’000 2,967–1,056– PDF p. 122
Impairment loss on loans to subsidiariesS$’000 ––(71,878)(185,795) PDF p. 122
Statements of Profit or Loss; Share of profit of a joint venture
– Operating profit after taxS$’000 27,75629,406–– PDF p. 122
– Net change in fair value of investment propertiesS$’000 1,7281,249–– PDF p. 122
Statements of Profit or Loss; Share of profit of a joint venture subtotal
SubtotalS$’000 29,48430,655–– PDF p. 122
Statements of Profit or Loss
Profit before income taxS$’000 262,135375,072254,554187,674 PDF p. 122
Income tax expenseS$’000 (40,544)(29,631)–– PDF p. 122
Profit for the yearS$’000 221,591345,441254,554187,674 PDF p. 122
Statements of Profit or Loss; Profit attributable to
UnitholdersS$’000 211,195335,709244,356178,224 PDF p. 122
Perpetual securities holdersS$’000 10,1989,45010,1989,450 PDF p. 122
Non-controlling interestsS$’000 198282–– PDF p. 122
Statements of Profit or Loss; Profit attributable subtotal
SubtotalS$’000 221,591345,441254,554187,674 PDF p. 122
Definitions & sources

The statement is for the financial year ended 31 March 2026. The accompanying notes form an integral part of these financial statements.

Statements of Comprehensive Income

13 metrics

Units appear below each metric. Scroll to compare years

Statements of Comprehensive Income from Annual report
Metric / unit 2026Group2025Group2026MIT2025MIT Source
Statements of Comprehensive Income
Profit for the yearS$’000 221,591345,441254,554187,674 PDF p. 123
Statements of Comprehensive Income; Other comprehensive income; Items that may be reclassified subsequently to profit or loss; Cash flow hedges
– Fair value gain/(loss), net of taxS$’000 14,363(10,157)(36)(248) PDF p. 123
– Reclassification of hedging reserve to profit or lossS$’000 (40,182)(57,173)(478)(2,227) PDF p. 123
Statements of Comprehensive Income; Other comprehensive income; Items that may be reclassified subsequently to profit or loss
– Share of hedging reserve of a joint ventureS$’000 (4,791)(20,207)–– PDF p. 123
Net currency translation differences relating to financial statements of a foreign joint venture and foreign subsidiariesS$’000 (70,610)3,499–– PDF p. 123
Net currency translation differences relating to monetary items forming part of net investment in foreign operationS$’000 (15,530)964–– PDF p. 123
Net currency translation differences on hedge of net investment in foreign operationS$’000 21,95192–– PDF p. 123
Statements of Comprehensive Income
Other comprehensive income, net of taxS$’000 (94,799)(82,982)(514)(2,475) PDF p. 123
Total comprehensive income for the yearS$’000 126,792262,459254,040185,199 PDF p. 123
Statements of Comprehensive Income; Total comprehensive income attributable to
UnitholdersS$’000 116,693252,826243,842175,749 PDF p. 123
Perpetual securities holdersS$’000 10,1989,45010,1989,450 PDF p. 123
Non-controlling interestsS$’000 (99)183–– PDF p. 123
Statements of Comprehensive Income; Total comprehensive income attributable subtotal
SubtotalS$’000 126,792262,459254,040185,199 PDF p. 123
Definitions & sources

The statement is for the financial year ended 31 March 2026. Other comprehensive income is presented net of tax as printed. The accompanying notes form an integral part of these financial statements.

Statements of Financial Position

34 metrics

Units appear below each metric. Scroll to compare years

Statements of Financial Position from Annual report
Metric / unit 2026Group2025Group2026MIT2025MIT Source
Assets; Current assets
Cash and cash equivalentsS$’000 95,213107,62624,28725,243 PDF p. 124
Trade and other receivablesS$’000 17,66426,22433,45334,237 PDF p. 124
Other assetsS$’000 2,9662,957176229 PDF p. 124
Derivative financial instrumentsS$’000 4,1964,1912,1562,013 PDF p. 124
Assets
Total current assetsS$’000 120,039140,99860,07261,722 PDF p. 124
Assets; Non-current assets
Investment propertiesS$’000 7,286,2808,080,1013,482,5793,975,646 PDF p. 124
Plant and equipmentS$’000 1672216722 PDF p. 124
Assets; Non-current assets; Investments in
– subsidiariesS$’000 ––1,545,1891,226,774 PDF p. 124
– a joint ventureS$’000 505,151523,743394,377394,377 PDF p. 124
Assets; Non-current assets
Loans to subsidiariesS$’000 ––270,345415,138 PDF p. 124
Derivative financial instrumentsS$’000 23,78951,7262648,739 PDF p. 124
Other assetsS$’000 3,2133,606–– PDF p. 124
Assets
Total non-current assetsS$’000 7,818,6008,659,1985,692,9216,020,696 PDF p. 124
Total assetsS$’000 7,938,6398,800,1965,752,9936,082,418 PDF p. 124
Liabilities; Current liabilities
Trade and other payablesS$’000 130,177150,09068,22769,665 PDF p. 124
BorrowingsS$’000 394,747595,263482445 PDF p. 124
Loans from a subsidiaryS$’000 ––49,98759,983 PDF p. 124
Derivative financial instrumentsS$’000 639916636884 PDF p. 124
Current income tax liabilitiesS$’000 3,1492,516–– PDF p. 124
Liabilities
Total current liabilitiesS$’000 528,712748,785119,332130,977 PDF p. 124
Liabilities; Non-current liabilities
Other payablesS$’000 56,66460,71949,06751,898 PDF p. 124
BorrowingsS$’000 1,959,0142,672,73697,832527,691 PDF p. 124
Loans from a subsidiaryS$’000 ––257,061323,218 PDF p. 124
Derivative financial instrumentsS$’000 –30–30 PDF p. 124
Deferred tax liabilitiesS$’000 148,215125,471–– PDF p. 124
Liabilities
Total non-current liabilitiesS$’000 2,163,8932,858,956403,960902,837 PDF p. 124
Total liabilitiesS$’000 2,692,6053,607,741523,2921,033,814 PDF p. 124
Statements of Financial Position
NET ASSETSS$’000 5,246,0345,192,4555,229,7015,048,604 PDF p. 124
Statements of Financial Position; Represented by
Unitholders’ fundsS$’000 4,642,6504,887,7374,628,8644,746,802 PDF p. 124
Perpetual securitiesS$’000 600,837301,802600,837301,802 PDF p. 124
Non-controlling interestsS$’000 2,5472,916–– PDF p. 124
Statements of Financial Position; Represented by subtotal
SubtotalS$’000 5,246,0345,192,4555,229,7015,048,604 PDF p. 124
Statements of Financial Position
UNITS IN ISSUE AND TO BE ISSUED (’000)’000 units 2,855,0032,851,7262,855,0032,851,726 PDF p. 124
NET ASSET VALUE PER UNIT (S$)S$ per unit 1.631.711.621.66 PDF p. 124
Definitions & sources

The statement is as at 31 March 2026. The accompanying notes form an integral part of these financial statements.

Consolidated Statement of Cash Flows

44 metrics

Units appear below each metric. Scroll to compare years

Consolidated Statement of Cash Flows from Annual report
Metric / unit 2026Group2025Group Source
Cash flows from operating activities
Profit for the yearS$’000 221,591345,441 PDF p. 127
Cash flows from operating activities; Adjustments for
– Amortisation of rental incentivesS$’000 (3,770)(11,214) PDF p. 127
– DepreciationS$’000 4731 PDF p. 127
– Interest incomeS$’000 (1,020)(1,574) PDF p. 127
– Borrowing costsS$’000 84,789105,142 PDF p. 127
– Manager’s management fees paid/payable in unitsS$’000 6,6466,605 PDF p. 127
– Bad debts written offS$’000 19651 PDF p. 127
– Write back for impairment of trade receivablesS$’000 (39)(53) PDF p. 127
– Income tax expenseS$’000 40,54429,631 PDF p. 127
– Net unrealised foreign exchange (gain)/lossS$’000 (1,517)2,592 PDF p. 127
– Net change in fair value of financial derivativesS$’000 (875)265 PDF p. 127
– Net change in fair value of investment propertiesS$’000 131,48516,628 PDF p. 127
– Gain on divestment of investment propertiesS$’000 (2,967)– PDF p. 127
– Share of profit of a joint ventureS$’000 (29,484)(30,655) PDF p. 127
Subtotal of operating activity adjustmentsS$’000 445,449463,490 PDF p. 127
Cash flows from operating activities; Changes in working capital
– Trade and other receivablesS$’000 4,00411,783 PDF p. 127
– Trade and other payablesS$’000 (11,044)13,954 PDF p. 127
– Other assetsS$’000 384508 PDF p. 127
Cash flows from operating activities
Cash generated from operationsS$’000 438,793489,735 PDF p. 127
Interest receivedS$’000 1,0201,581 PDF p. 127
Income tax paidS$’000 (6,170)(3,056) PDF p. 127
Net cash generated from operating activitiesS$’000 433,643488,260 PDF p. 127
Cash flows from investing activities
Additions to investment propertiesS$’000 (64,672)(107,507) PDF p. 127
Purchase of plant and equipmentS$’000 (192)– PDF p. 127
Acquisition of an investment propertyS$’000 –(131,341) PDF p. 127
Proceeds from divestment of investment properties, net of divestment costS$’000 536,639– PDF p. 127
Distributions received from a joint ventureS$’000 22,76431,610 PDF p. 127
Net cash generated from/(used in) investing activitiesS$’000 494,539(207,238) PDF p. 127
Cash flows from financing activities
Gross proceeds from borrowingsS$’000 1,841,036400,334 PDF p. 128
Repayment of borrowingsS$’000 (2,608,278)(222,992) PDF p. 128
Payment of financing related costsS$’000 (3,127)(2,350) PDF p. 128
Net proceeds from issuance of perpetual securitiesS$’000 298,287– PDF p. 128
Payment of transaction costs related to distribution reinvestment planS$’000 –(352) PDF p. 128
Contributions from non-controlling interestsS$’000 –2,085 PDF p. 128
Capital return to non-controlling interestsS$’000 (270)(1,800) PDF p. 128
Distribution to UnitholdersS$’000 (370,206)(355,701) PDF p. 128
Interest paidS$’000 (79,336)(98,358) PDF p. 128
Payment of lease liabilitiesS$’000 (4,770)(4,861) PDF p. 128
Distribution to perpetual securities holdersS$’000 (9,450)(9,476) PDF p. 128
Net cash used in financing activitiesS$’000 (936,114)(293,471) PDF p. 128
Cash and cash equivalents
Net decrease in cash and cash equivalentsS$’000 (7,932)(12,449) PDF p. 128
Cash and cash equivalents at beginning of the yearS$’000 107,626119,902 PDF p. 128
Effects of currency translation on balances held in foreign currenciesS$’000 (4,481)173 PDF p. 128
Cash and cash equivalents at end of the yearS$’000 95,213107,626 PDF p. 128
Definitions & sources

1 For the year ended 31 March 2025, the amount of S$355,701,000 million excludes S$29,754,000 distributed through the issuance of 13,360,967 new units in MIT as part payment of distributions for the period from 1 April 2024 to 31 December 2024, pursuant to the Distribution Reinvestment Plan. Refer to Note 24(a) for details.

2 Includes payment of finance cost for lease liabilities.

The accompanying notes form an integral part of these financial statements.

Statements of Movements in Unitholders’ Funds — Group — 2026

19 metrics

Units appear below each metric. Scroll to compare years

Statements of Movements in Unitholders’ Funds — Group — 2026 from Annual report
Metric / unit 2026Group; attributable to Unitholders; Units in issue and to be issued2026Group; attributable to Unitholders; Foreign currency translation reserve2026Group; attributable to Unitholders; Hedging reserve2026Group; attributable to Unitholders; Retained earnings2026Group; attributable to Unitholders; Total Unitholders’ funds2026Group; Perpetual securities2026Group; Non-controlling interests2026Group; Total equity Source
opening balances
At 1 April 2025S$’000 4,164,546(20,177)45,222698,1464,887,737301,8022,9165,192,455 PDF p. 129
Total comprehensive income
Profit for the yearS$’000 –––211,195211,19510,198198221,591 PDF p. 129
Other comprehensive income; cash flow hedges
– Fair value gain/(loss), net of taxS$’000 ––14,363–14,363––14,363 PDF p. 129
– Reclassification of hedging reserve to profit or lossS$’000 ––(40,182)–(40,182)––(40,182) PDF p. 129
Other comprehensive income
Share of hedging reserve of a joint ventureS$’000 ––(4,791)–(4,791)––(4,791) PDF p. 129
Share of currency translation differences of a foreign joint venture and foreign subsidiariesS$’000 –(70,313)––(70,313)–(297)(70,610) PDF p. 129
Net currency translation differences relating to monetary items forming part of net investment in foreign operationS$’000 –(15,530)––(15,530)––(15,530) PDF p. 129
Net currency translation differences on hedges of net investment in foreign operationsS$’000 –21,951––21,951––21,951 PDF p. 129
Total other comprehensive income, net of taxS$’000 –(63,892)(30,610)–(94,502)–(297)(94,799) PDF p. 129
Total comprehensive income
Total comprehensive income for the year, net of taxS$’000 –(63,892)(30,610)211,195116,69310,198(99)126,792 PDF p. 129
Transactions with equity holders; contributions
New units issued and to be issued arising from settlement of management feesS$’000 8,304–––8,304––8,304 PDF p. 129
Transactions with equity holders
Proceeds from the issuance of perpetual securitiesS$’000 –––––300,000–300,000 PDF p. 129
Issue expensesS$’000 122–––122(1,713)–(1,591) PDF p. 129
Distributions to unitholdersS$’000 –––(370,206)(370,206)––(370,206) PDF p. 129
Distributions to perpetual securities holdersS$’000 –––––(9,450)–(9,450) PDF p. 129
Distributions and capital redemption to non-controlling interestsS$’000 ––––––(270)(270) PDF p. 129
Total contribution by and distributions to equity holdersS$’000 8,426––(370,206)(361,780)288,837(270)(73,213) PDF p. 129
Total transactions with equity holdersS$’000 8,426––(370,206)(361,780)288,837(270)(73,213) PDF p. 129
closing balances
At 31 MarchS$’000 4,172,972(84,069)14,612539,1354,642,650600,8372,5475,246,034 PDF p. 129
Definitions & sources

FY2026 is the year ended 31 March 2026. Component columns follow the printed Group equity schedule.

Statements of Movements in Unitholders’ Funds — Group — 2025

21 metrics

Units appear below each metric. Scroll to compare years

Statements of Movements in Unitholders’ Funds — Group — 2025 from Annual report
Metric / unit 2025Group; attributable to Unitholders; Units in issue and to be issued2025Group; attributable to Unitholders; Foreign currency translation reserve2025Group; attributable to Unitholders; Hedging reserve2025Group; attributable to Unitholders; Retained earnings2025Group; attributable to Unitholders; Total Unitholders’ funds2025Group; Perpetual securities2025Group; Non-controlling interests2025Group; Total equity Source
2025 movements in equity
At 1 April 2024S$’000 4,128,663(24,732)162,266718,3854,984,582301,8282,3225,288,732 PDF p. 130
Profit for the yearS$’000 –––335,709335,7099,450282345,441 PDF p. 130
– Fair value gain/(loss), net of taxS$’000 ––(10,157)–(10,157)––(10,157) PDF p. 130
– Reclassification of hedging reserve to profit or lossS$’000 ––(57,173)–(57,173)––(57,173) PDF p. 130
Share of hedging reserve of a joint ventureS$’000 ––(20,207)–(20,207)––(20,207) PDF p. 130
Reclassification from hedging reserve1S$’000 ––(29,507)29,507–––– PDF p. 130
Share of currency translation differences of a foreign joint venture and foreign subsidiariesS$’000 –3,499––3,499–273,526 PDF p. 130
Net currency translation differences relating to monetary items forming part of net investment in foreign operationS$’000 –964––964––964 PDF p. 130
Net currency translation differences on hedges of net investment in foreign operationsS$’000 –92––92––92 PDF p. 130
Total other comprehensive income, net of taxS$’000 –4,555(117,044)29,507(82,982)–27(82,955) PDF p. 130
Total comprehensive income for the year, net of taxS$’000 –4,555(117,044)365,216252,7279,450309262,486 PDF p. 130
– Settlement of management feesS$’000 6,605–––6,605––6,605 PDF p. 130
– Distribution Reinvestment PlanS$’000 29,754–––29,754––29,754 PDF p. 130
Issue expensesS$’000 (476)–––(476)––(476) PDF p. 130
Distributions to unitholdersS$’000 –––(385,455)(385,455)––(385,455) PDF p. 130
Distributions to perpetual securities holdersS$’000 –––––(9,476)–(9,476) PDF p. 130
Contribution from non-controlling interestsS$’000 ––––––2,0852,085 PDF p. 130
Capital redemption to non-controlling interestsS$’000 ––––––(1,800)(1,800) PDF p. 130
Total contribution by and distributions to equity holdersS$’000 35,883––(385,455)(349,572)(9,476)285(358,763) PDF p. 130
Total transactions with equity holdersS$’000 35,883––(385,455)(349,572)(9,476)285(358,763) PDF p. 130
At 31 March 2025S$’000 4,164,546(20,177)45,222698,1464,887,737301,8022,9165,192,455 PDF p. 130
Definitions & sources

FY2025 is the comparative financial year ended 31 March 2025. Component columns follow the printed Group equity schedule.

Statements of Movements in Unitholders’ Funds — MIT — 2025

14 metrics

Units appear below each metric. Scroll to compare years

Statements of Movements in Unitholders’ Funds — MIT — 2025 from Annual report
Metric / unit 2025MIT; attributable to Unitholders; Units in issue and to be issued2025MIT; attributable to Unitholders; Hedging reserve2025MIT; attributable to Unitholders; Retained earnings2025MIT; attributable to Unitholders; Total Unitholders’ funds2025MIT; Perpetual securities2025MIT; Total equity Source
comparative opening balances
At 1 April 2024S$’000 4,128,6632,989788,9734,920,625301,8285,222,453 PDF p. 131
comparative total comprehensive income
Profit for the yearS$’000 ––178,224178,2249,450187,674 PDF p. 131
comparative other comprehensive income; cash flow hedges
– Fair value gain/(loss), net of taxS$’000 –(29)–(29)–(29) PDF p. 131
– Reclassification of hedging reserve to profit or lossS$’000 –(2,446)–(2,446)–(2,446) PDF p. 131
comparative other comprehensive income
Total other comprehensive income, net of taxS$’000 –(2,475)–(2,475)–(2,475) PDF p. 131
comparative total comprehensive income
Total comprehensive income for the year, net of taxS$’000 –(2,475)178,224175,7499,450185,199 PDF p. 131
comparative transactions with equity holders
– Settlement of management feesS$’000 6,605––6,605–6,605 PDF p. 131
– Distribution Reinvestment PlanS$’000 29,754––29,754–29,754 PDF p. 131
Issue expensesS$’000 (476)––(476)–(476) PDF p. 131
Distributions to unitholdersS$’000 ––(385,455)(385,455)–(385,455) PDF p. 131
Distributions to perpetual securities holdersS$’000 ––––(9,476)(9,476) PDF p. 131
Total contribution by and distributions to equity holdersS$’000 35,883–(385,455)(349,572)(9,476)(359,048) PDF p. 131
comparative closing balances
At 31 March 2025S$’000 4,164,546514581,7424,746,802301,8025,048,604 PDF p. 131
comparative transactions with equity holders
Total transactions with equity holdersS$’000 35,883–(385,455)(349,572)(9,476)(359,048) PDF p. 131
Definitions & sources

FY2025 is the financial year ended 31 March 2025. Component columns follow the printed MIT equity schedule.

Statements of Movements in Unitholders’ Funds — MIT — 2026

14 metrics

Units appear below each metric. Scroll to compare years

Statements of Movements in Unitholders’ Funds — MIT — 2026 from Annual report
Metric / unit 2026MIT; attributable to Unitholders; Units in issue and to be issued2026MIT; attributable to Unitholders; Hedging reserve2026MIT; attributable to Unitholders; Retained earnings2026MIT; attributable to Unitholders; Total Unitholders’ funds2026MIT; Perpetual securities2026MIT; Total equity Source
opening balances
At 1 April 2025S$’000 4,164,546514581,7424,746,802301,8025,048,604 PDF p. 131
total comprehensive income
Profit for the yearS$’000 ––244,356244,35610,198254,554 PDF p. 131
other comprehensive income; cash flow hedges
– Fair value gain/(loss), net of taxS$’000 –(36)–(36)–(36) PDF p. 131
– Reclassification of hedging reserve to profit or lossS$’000 –(478)–(478)–(478) PDF p. 131
other comprehensive income
Total other comprehensive income, net of taxS$’000 –(514)–(514)–(514) PDF p. 131
total comprehensive income
Total comprehensive income for the year, net of taxS$’000 –(514)244,356243,84210,198254,040 PDF p. 131
transactions with equity holders
New units to be issued arising from settlement of management feesS$’000 8,304––8,304–8,304 PDF p. 131
Proceeds from the issuance of perpetual securitiesS$’000 ––––300,000300,000 PDF p. 131
Issue expensesS$’000 122––122(1,713)(1,591) PDF p. 131
Distributions to unitholdersS$’000 ––(370,206)(370,206)–(370,206) PDF p. 131
Distributions to perpetual securities holdersS$’000 ––––(9,450)(9,450) PDF p. 131
Total contribution by and distributions to equity holdersS$’000 8,426–(370,206)(361,780)288,837(72,943) PDF p. 131
Total transactions with equity holdersS$’000 8,426–(370,206)(361,780)288,837(72,943) PDF p. 131
closing balances
At 31 March 2026S$’000 4,172,972–455,8924,628,864600,8375,229,701 PDF p. 131
Definitions & sources

FY2026 is the financial year ended 31 March 2026. Component columns follow the printed MIT equity schedule.

Key information and key financial ratios

8 metrics

Units appear below each metric. Scroll to compare years

Key information and key financial ratios from Annual report
Metric / unit 2022Group/MIT combined report series as at 31 March2023Group/MIT combined report series as at 31 March2024Group/MIT combined report series as at 31 March2025Group/MIT combined report series as at 31 March; restated2026Group/MIT combined report series as at 31 March; restated Source
Key Information
Total assetsS$ Million 8,480.08,546.88,664.48,800.27,938.6 PDF p. 11
Total borrowingsS$ Million 2,904.12,848.42,984.43,171.92,258.9 PDF p. 11
Unitholders’ fundsS$ Million 4,977.15,074.14,984.64,887.74,642.7 PDF p. 11
Assets under management (including interests in joint ventures)S$ Million 8,761.28,766.18,906.39,144.38,315.6 PDF p. 11
Key Financial Ratios
Aggregate leverage¹¹% 38.437.438.740.134.0 PDF p. 11
Average borrowing cost for financial year% 2.53.13.23.13.1 PDF p. 11
Weighted average tenor of debtyears 3.83.73.83.23.4 PDF p. 11
Interest coverage ratio for trailing 12 monthstimes 5.74.64.34.04.0 PDF p. 11
Definitions & sources

Footnote 10 states that key financial ratios include MIT’s proportionate share of aggregate debt and deposited property value of joint ventures, and that ratios as at 31 March 2025 and 31 March 2026 have been restated. Footnote 11 states that, in accordance with Property Funds Guidelines, aggregate leverage includes proportionate share of aggregate leverage and deposited property values of joint ventures.

Unit performance (five-year series)

7 metrics

Units appear below each metric. Scroll to compare years

Unit performance (five-year series) from Annual report
Metric / unit 2022FY21/222023FY22/232024FY23/242025FY24/252026FY25/26 Source
Unit Price and Trading Volume
Closing unit price on the last trading day prior to the commencement of the periodS$ per unit 2.7402.6902.3702.3402.100 PDF p. 30
Highest closing unit priceS$ per unit 3.0002.7202.5102.5602.220 PDF p. 30
Lowest closing unit priceS$ per unit 2.4902.1302.1101.9701.840 PDF p. 30
Average closing unit priceS$ per unit 2.7452.4322.3002.2532.038 PDF p. 30
Closing unit price for the periodS$ per unit 2.6902.3702.3402.1001.940 PDF p. 30
Average daily trading volumemillion units 7.525.704.846.948.09 PDF p. 30
Market capitalisation¹S$ billion 7.206.496.635.995.54 PDF p. 30
Definitions & sources

Footnote 1: Based on the closing unit prices for the period.

Distribution and per-unit figures

10 metrics

Units appear below each metric. Scroll to compare years

Distribution and per-unit figures from Annual report
Metric / unit 2025FY24/252026FY25/26 Source
Financial Review
Gross revenueS$’000 711,833672,991 PDF p. 32
Property operating expensesS$’000 180,373172,638 PDF p. 32
Net property incomeS$’000 531,460500,353 PDF p. 32
Cash distribution declared by joint ventureS$’000 27,49322,442 PDF p. 32
Amount available for distributionS$’000 397,560374,079 PDF p. 32
Amount available for distribution - to UnitholdersS$’000 388,110363,881 PDF p. 32
Amount available for distribution - to perpetual securities holdersS$’000 9,45010,198 PDF p. 32
Distribution to UnitholdersS$’000 385,979362,609 PDF p. 32
Distribution per unitSingapore cents 13.5712.71 PDF p. 32
Distribution per unit excluding divestment gainSingapore cents 13.1312.71 PDF p. 32
Definitions & sources

The Change (%) column in the source contains: (5.5), (4.3), (5.9), (18.4), (5.9), (6.2), 7.9, (6.1), (6.3), and (3.2), respectively. These values are retained in the row quotes; the table columns include only the two fiscal years to avoid mixing change percentages with year values.

Distribution Statements — Group and MIT

17 metrics

Units appear below each metric. Scroll to compare years

Distribution Statements — Group and MIT from Annual report
Metric / unit 2026Group2025Group2026MIT2025MIT Source
Distribution statements
Amount available for distribution to Unitholders at beginning of the yearS$’000 117,337101,328117,337101,328 PDF p. 125
Profit for the year attributable to UnitholdersS$’000 211,195335,709244,356178,224 PDF p. 125
Adjustment for net effect of non-tax deductible items and other adjustments (Note A)S$’000 130,24424,908119,525209,886 PDF p. 125
Cash distribution declared by joint ventureS$’000 22,44227,493–– PDF p. 125
Amount available for distributionS$’000 363,881388,110363,881388,110 PDF p. 125
Distribution of gains from divestmentS$’000 –13,354–13,354 PDF p. 125
Distribution of 3.36 cents per unit for the period from 01 January 2024 to 31 March 2024S$’000 –(95,245)–(95,245) PDF p. 125
Distribution of 3.43 cents per unit for the period from 01 April 2024 to 30 June 2024S$’000 –(97,261)–(97,261) PDF p. 125
Distribution of 3.37 cents per unit for the period from 01 July 2024 to 30 September 2024S$’000 –(95,836)–(95,836) PDF p. 125
Distribution of 3.41 cents per unit for the period from 01 October 2024 to 31 December 2024S$’000 –(97,113)–(97,113) PDF p. 125
Distribution of 3.36 cents per unit for the period from 01 January 2025 to 31 March 2025S$’000 (95,791)–(95,791)– PDF p. 125
Distribution of 3.27 cents per unit for the period from 01 April 2025 to 30 June 2025S$’000 (93,251)–(93,251)– PDF p. 125
Distribution of 3.18 cents per unit for the period from 01 July 2025 to 30 September 2025S$’000 (90,712)–(90,712)– PDF p. 125
Distribution of 3.17 cents per unit for the period from 01 October 2025 to 31 December 2025S$’000 (90,452)–(90,452)– PDF p. 125
Total Unitholders’ distribution (including capital distribution) (Note B)S$’000 (370,206)(385,455)(370,206)(385,455) PDF p. 125
Amount available for distribution to Unitholders at end of the yearS$’000 111,012117,337111,012117,337 PDF p. 125
Distribution per unit (cents)cents per unit 12.7113.5712.7113.57 PDF p. 125
Definitions & sources

FY2026 is the year ended 31 March 2026; 2025 is the comparative year. Distribution per unit is in cents per unit; all other rows are S$’000.

Five-year financial highlights

4 metrics

Units appear below each metric. Scroll to compare years

Five-year financial highlights from Annual report
Metric / unit 2026FY25/262025FY24/252024FY23/242023FY22/232022FY21/22 Source
Key Highlights
Gross RevenueS$ million 673.0711.8697.3684.9610.1 PDF p. 10
Net Property IncomeS$ million 500.4531.5521.0518.0472.0 PDF p. 10
Amount Available for Distribution to UnitholdersS$ million 363.9388.1375.1356.6350.9 PDF p. 10
Distribution Per UnitSingapore cents per unit 12.7113.5713.4313.5713.80 PDF p. 10
Definitions & sources

1 Refers to year-on-year comparison for FY25/26.

2 FY25/26 denotes financial year 2025/2026 ended 31 March 2026.

3 Includes the distribution of net divestment gain of S$15.7 million from 26A Ayer Rajah Crescent over eight quarters from 2QFY21/22 to 1QFY23/24.

4 Includes the distribution of tax-exempt income of S$6.6 million withheld in 4QFY19/20 over three quarters from 3QFY22/23 to 1QFY23/24.

5 Includes the distribution of compensation received for compulsory acquisition of part of the land at 2 and 4 Loyang Lane of S$2.1 million, which was withheld in 3QFY21/22, over two quarters from 2QFY23/24 to 3QFY23/24.

6 Includes the distribution of net divestment gain of S$4.2 million from 65 Tech Park Crescent over two quarters from 2QFY23/24 to 3QFY23/24. 65 Tech Park Crescent was divested on 20 July 2017.

7 Includes the distribution of net divestment gain of S$13.4 million from 115A & 115B Commonwealth Drive over four quarters from 1QFY24/25 to 4QFY24/25 and the distribution of net compensation of S$1.9 million in relation to a redevelopment project which was recognised in 1QFY24/25.

Chart values and footnote glyphs are recorded separately using PDF geometry.

Five-year year-end highlights

2 metrics

Units appear below each metric. Scroll to compare years

Five-year year-end highlights from Annual report
Metric / unit 2026As at 31 March2025As at 31 March2024As at 31 March2023As at 31 March2022As at 31 March Source
Key Highlights
Assets Under ManagementS$ million 8,315.69,144.38,906.38,766.18,761.2 PDF p. 10
Net Asset Value Per UnitS$ per unit 1.631.711.761.851.86 PDF p. 10
Definitions & sources

8 Refers to year-on-year comparison for 31 March 2026.

9 Includes MIT’s proportionate interest in the joint ventures with the Sponsor and right-of-use assets.

Chart values and footnote glyphs are recorded separately using PDF geometry.

Return on Investment

4 metrics

Units appear below each metric. Scroll to compare years

Return on Investment from Annual report
Metric / unit 2010Since Listing From 21 October 2010, as at 31 March 202620215-Year From 1 April 2021, as at 31 March 202620233-Year From 1 April 2023, as at 31 March 202620251-Year From 1 April 2025, as at 31 March 2026 Source
Return on Investment
Total return (%) as at 31 March 2026% 301.9-4.7-1.3-1.5 PDF p. 30
Capital appreciation% 108.6-29.2-18.1-7.6 PDF p. 30
Distribution yield% 193.324.516.86.1 PDF p. 30
Closing unit price on the last trading day prior to the commencement of the periodS$ per unit 0.9302.7402.3702.100 PDF p. 30
Definitions & sources

As at 31 March 2026.

1 Based on the closing unit prices for the period.

2 Sum of distributions and capital appreciation for the period over the unit issue price at listing.

3 Sum of distributions and capital appreciation for the period over the closing unit price on the last trading day prior to the commencement of the period.

4 Refers to the unit issue price at listing.

Numeric values are separated from superscript footnote markers by XML font size and coordinates.

Comparative Yields

5 metrics

Units appear below each metric. Scroll to compare years

Comparative Yields from Annual report
Metric / unit 2026As at 31 March 2026 Source
Comparative Yields
MIT’s Distribution Yield% 6.6 PDF p. 31
FTSE ST REITs Index% 5.4 PDF p. 31
FTSE Straits Times Index% 4.4 PDF p. 31
CPF Ordinary Account% 2.5 PDF p. 31
10-year Government Bond% 2.3 PDF p. 31
Definitions & sources

5 Rebased closing unit prices as at 31 March 2025 to 100.

6 Sources: Bloomberg, Monetary Authority of Singapore (for the 10-year Government Bond’s yield) and Central Provident Fund (“CPF”) Board (for the CPF Ordinary Account’s interest).

7 MIT’s distribution yield is based on FY25/26 DPU of 12.71 Singapore cents over closing unit price of S$1.940 as at 31 March 2026.

8 The list of key indices is not exhaustive.

Where the money comes from

Segment information

By business

Segment information, year ended 31 March 2026 14 lines
Segment information, year ended 31 March 2026
Item / unit 2026Data Centres Asia segment (S$'000)2026Data Centres North America segment (S$'000)2026Hi-Tech Buildings and Business Space Singapore segment (S$'000)2026General Industrial Buildings Singapore segment (S$'000)2026Total (S$'000) Source
Segment results
Gross revenueS$'000 50,465227,773168,300226,453672,991 PDF p. 193
Net property incomeS$'000 44,597158,248122,568174,940500,353 PDF p. 193
Other incomeS$'000 –3,041––3,041 PDF p. 193
Net change in fair value of investment propertiesS$'000 2,346(147,167)(1,445)14,781(131,485) PDF p. 193
Gain on divestment of investment propertiesS$'000 –1,9291,038–2,967 PDF p. 193
Share of joint venture’s resultsS$'000 –29,484––29,484 PDF p. 193
Current income taxS$'000 (776)(6,352)––(7,128) PDF p. 193
Deferred taxS$'000 (1,675)(31,741)––(33,416) PDF p. 193
Other segment items
Additions to investment propertiesS$'000 46,42812,53013,4506,87579,283 PDF p. 193
Segment assets
-Investment propertiesS$'000 893,5742,838,5751,533,5932,020,5387,286,280 PDF p. 193
-Investment in a joint ventureS$'000 –505,151––505,151 PDF p. 193
-Other non-current assetsS$'000 3,213–––3,213 PDF p. 193
-Trade receivablesS$'000 –7811148581,753 PDF p. 193
Segment liabilities
Segment liabilitiesS$'000 70,997172,70630,31374,905348,921 PDF p. 193
Notes

Each segment is a property-type segment with a stated geography (Data Centres Asia; Data Centres North America; Hi-Tech Buildings and Business Space Singapore; General Industrial Buildings Singapore), so geographic information is combined in this table.

Empty-string values mean no segment cell is printed for that row; only the Total is printed.

* Unallocated assets include cash and cash equivalents, other receivables, other current assets, derivative financial instruments and plant and equipment.

** Unallocated liabilities include trade and other payables, borrowings and derivative financial instruments.

Effective 1 April 2025, the segment information has been updated to Data Centres (Asia), Data Centres (North America), Hi-Tech Buildings and Business Space and General Industrial Buildings. Comparatives for 31 March 2025 have also been restated to reflect the new reportable segments.

The Manager assesses performance of operating segments based on Net Property Income (NPI). Interest income and borrowing costs (excluding finance cost on lease liabilities) are not allocated to segments.

Segment information, year ended 31 March 2025 (restated comparatives) 13 lines
Segment information, year ended 31 March 2025 (restated comparatives)
Item / unit 2025Data Centres Asia segment (S$'000)2025Data Centres North America segment (S$'000)2025Hi-Tech Buildings and Business Space Singapore segment (S$'000)2025General Industrial Buildings Singapore segment (S$'000)2025Total (S$'000) Source
Segment results
Gross revenueS$'000 49,894247,011194,494220,434711,833 PDF p. 194
Net property incomeS$'000 46,030176,255138,800170,375531,460 PDF p. 194
Other incomeS$'000 ––2,628–2,628 PDF p. 194
Net change in fair value of investment propertiesS$'000 5,928(33,745)(4,595)15,784(16,628) PDF p. 194
Share of joint venture’s resultsS$'000 –30,655––30,655 PDF p. 194
Current income taxS$'000 (126)(3,057)––(3,183) PDF p. 194
Deferred taxS$'000 (3,358)(23,090)––(26,448) PDF p. 194
Other segment items
Acquisition of and additions to investment propertiesS$'000 180,19828,3366,7158,904224,153 PDF p. 194
Segment assets
– Investment propertiesS$'000 915,6653,108,3392,057,4621,998,6358,080,101 PDF p. 194
– Investments in joint ventureS$'000 –523,743––523,743 PDF p. 194
– Other non-current assetsS$'000 3,606–––3,606 PDF p. 194
– Trade receivablesS$'000 663,3382501,1794,833 PDF p. 194
Segment liabilities
Segment liabilitiesS$'000 75,835152,63735,90265,995330,369 PDF p. 194
Notes

Comparatives restated to the new reportable segments effective 1 April 2025.

Empty-string values mean no segment cell is printed for that row; only the Total is printed.

Footnote 1 (on Data Centres Asia): Includes the acquisition of the Tokyo Property completed on 29 October 2024.

* Unallocated assets include cash and cash equivalents, other receivables, other current assets, derivative financial instruments and plant and equipment.

** Unallocated liabilities include trade and other payables, borrowings and derivative financial instruments.

The 2025 table has no 'Gain on divestment of investment properties' row.

Debt

Borrowings

Liquidity risk: contractual undiscounted maturity - Group

Liquidity risk: contractual undiscounted maturity - Group — Group
Item / unit 2026Less than 1 year, S$'0002026Between 1 and 5 years, S$'0002026Over 5 years, S$'0002026Total, S$'0002025Less than 1 year, S$'0002025Between 1 and 5 years, S$'0002025Over 5 years, S$'0002025Total, S$'000 Source
Group
Borrowings and interest payablesS$'000 478,1461,635,114373,9042,487,164735,0692,087,765697,7113,520,545 PDF p. 188
Lease liabilitiesS$'000 4,80719,235177,111201,1534,76718,718187,453210,938 PDF p. 188
Notes

Based on contractual undiscounted cash flows; variable amounts use last contracted rate.

Based on contractual undiscounted cash flows.

Liquidity risk: contractual undiscounted maturity - MIT

Liquidity risk: contractual undiscounted maturity - MIT — MIT
Item / unit 2026Less than 1 year, S$'0002026Between 1 and 5 years, S$'0002026Over 5 years, S$'0002026Total, S$'0002025Less than 1 year, S$'0002025Between 1 and 5 years, S$'0002025Over 5 years, S$'0002025Total, S$'000 Source
MIT
Borrowings and interest payablesS$'000 11,09087,04339,298137,43120,263441,031131,314592,608 PDF p. 188
Loans from a subsidiaryS$'000 50,000125,000132,549307,54960,000175,000148,799383,799 PDF p. 188
Lease liabilitiesS$'000 1,0114,04412,78417,8399583,83313,00517,796 PDF p. 188
Notes

Based on contractual undiscounted cash flows.

Borrowing notes 4 tables

Borrowings and loans from a subsidiary (current and non-current)

Borrowings and loans from a subsidiary (current and non-current)
Item / unit 2026Group, S$'0002025Group, S$'0002026MIT, S$'0002025MIT, S$'000 Source
Current borrowings
Bank loans (unsecured) [Current]S$'000 343,879534,188–– PDF p. 171
Medium term note (unsecured) [Current]S$'000 50,00060,000–– PDF p. 171
Current
Lease liabilities [Current]S$'000 1,5351,456482445 PDF p. 171
Loans from a subsidiary [Current]S$'000 ––50,00060,000 PDF p. 171
Total currentS$'000 394,747595,26350,46960,428 PDF p. 171
Non-current borrowings
Bank loans (unsecured) [Non-current]S$'000 1,527,1272,163,70886,900516,828 PDF p. 171
TMK Bond (secured)2S$'000 80,33390,181–– PDF p. 171
Medium term notes (unsecured) [Non-current]S$'000 257,549323,799–– PDF p. 171
Non-current
Lease liabilities [Non-current]S$'000 99,608101,29211,89711,901 PDF p. 171
Loans from a subsidiary [Non-current]S$'000 ––257,549323,799 PDF p. 171
Total non-currentS$'000 1,959,0142,672,736354,893850,909 PDF p. 171
Total
Total borrowings and loans (current + non-current)S$'000 2,353,7613,267,999405,362911,337 PDF p. 171
Notes

Transaction costs are amortised over the tenors of the MTN, TMK bond and bank loan facilities.

The TMK bond is subject to a statutory lien over the investment property of Yuri TMK, with carrying amount of S$475,218,000 as at 31 March 2026 (2025: S$486,836,000) pursuant to Article 128 of SPC Law.

Subtotal lines (rows without label) are not extracted separately except the totals shown.

Weighted average interest rates of total borrowings (including interest rate swaps)

Weighted average interest rates of total borrowings (including interest rate swaps)
Item / unit 2026Group, %2025Group, %2026MIT, %2025MIT, % Source
Weighted average interest rates
Bank loans (current)% 3.323.43–– PDF p. 172
Bank loans (non-current)% 2.763.031.703.42 PDF p. 172
TMK Bond (non-current)% 1.101.10–– PDF p. 172
Medium term notes (current)% 3.753.79–– PDF p. 172
Medium term notes (non-current)% 2.662.78–– PDF p. 172
Loans from a subsidiary (current)% ––3.753.79 PDF p. 172
Loans from a subsidiary (non-current)% ––2.662.78 PDF p. 172
Notes

Rates are as at the reporting date.

Notes outstanding under MTN and EMTN Programme

Notes outstanding under MTN and EMTN Programme — Group
Item / unit 2026S$'0002025S$'000 Source
MTN maturity/rate 3.79%
2 March 2026S$'000 –60,000 PDF p. 173
MTN maturity/rate 3.75%
16 February 2027S$'000 50,00050,000 PDF p. 173
MTN maturity/rate 3.58%
26 March 2029S$'000 125,000125,000 PDF p. 173
MTN maturity/rate 1.69%
27 June 2035S$'000 52,21658,618 PDF p. 173
MTN maturity/rate 1.85%
27 June 2038S$'000 80,33390,181 PDF p. 173
Notes

Columns: maturity date, interest rate per annum (%), semi-annual interest payment; amounts in S$'000. Rate included in each row's quote.

Non-current borrowings mature between 2027 and 2033 (2025: 2026 and 2033); non-current MTNs mature between 2029 and 2038; TMK bond JPY 10,000,000,000 at fixed 1.1%, matures 27 November 2030 (page 172).

Capital management key financial metrics (incl. proportionate share of joint venture debt)

Capital management key financial metrics (incl. proportionate share of joint venture debt)
Item / unit 2025As at 31 March 2025 (restated)2026As at 31 March 2026 Source
Key Financial Metrics
Total borrowings (in S$ million)S$ million 3,721.72,786.7 PDF p. 35
Interest rate hedge ratio% 80.388.6 PDF p. 35
Notes

Includes MIT’s proportionate share of aggregate debt and deposited property value of joint venture; 31 March 2025 figures restated.

Payout

Dividends & distributions

Dividend policy

ItemValuePeriod / scopeSource
2.21 Distribution policy MIT’s distribution policy is to distribute at least 90% of its adjusted taxable income, comprising substantially its income from the letting of its properties and related property services income after deduction of allowable expenses and allowances, as well as interest income from the placement of periodic cash surpluses in bank deposits. Distributions, when paid, will be in SGD. MIT PDF p. 158
Distribution Reinvestment Plan During the year ended 31 March 2025, MIT reimplemented Distribution Reinvestment Plan in July 2024 whereby Unitholders have an option to receive their distribution either in the form of units or cash or a combination of both. MIT; FY24/25 comparative (no DRP units issued in FY25/26) PDF p. 179

Payout

ItemValuePeriod / scopeSource
Distribution per unit (Singapore cents) 12.71 Singapore cents per unit Group, FY25/26 (year ended 31 March 2026) PDF p. 32
Distribution per unit (Singapore cents) 13.57 Singapore cents per unit Group, FY24/25 (year ended 31 March 2025), comparative PDF p. 32
Distribution per unit excluding divestment gain (Singapore cents) 13.13 Singapore cents per unit Group, FY24/25 comparative (FY25/26: 12.71; change (3.2)%) PDF p. 32
Distribution to Unitholders 362,609 S$'000 Group, FY25/26 (FY24/25: 385,979; change (6.1)%) PDF p. 32

Dividends declared and proposed

ItemValuePeriod / scopeSource
Distribution of 3.27 cents per unit for the period from 01 April 2025 to 30 June 2025 3.27 cents per unit Group and MIT, FY25/26 distribution statement, quarter 1/2026 PDF p. 125
Distribution of 3.18 cents per unit for the period from 01 July 2025 to 30 September 2025 3.18 cents per unit Group and MIT, FY25/26 distribution statement PDF p. 125
Distribution of 3.17 cents per unit for the period from 01 October 2025 to 31 December 2025 3.17 cents per unit Group and MIT, FY25/26 distribution statement PDF p. 125
Distribution of 3.36 cents per unit for the period from 01 January 2025 to 31 March 2025 3.36 cents per unit Group and MIT, paid in FY25/26 (relates to FY24/25 4Q) PDF p. 125
Distribution of 3.43 cents per unit for the period from 01 April 2024 to 30 June 2024 3.43 cents per unit Group and MIT, FY24/25 comparative PDF p. 125
Distribution of 3.37 cents per unit for the period from 01 July 2024 to 30 September 2024 3.37 cents per unit Group and MIT, FY24/25 comparative PDF p. 125
Distribution of 3.41 cents per unit for the period from 01 October 2024 to 31 December 2024 3.41 cents per unit Group and MIT, FY24/25 comparative PDF p. 125
Distribution of 3.36 cents per unit for the period from 01 January 2024 to 31 March 2024 3.36 cents per unit Group and MIT, paid in FY24/25 comparative PDF p. 125

Extracted from Annual report and checked against the cited pages; see the original report for full context.

REIT, bank & sector ratios

Key metrics

REIT metrics

ItemValuePeriod / scopeSource
Aggregate leverage ratio 34.0% As at 31 March 2026; comparative 31 March 2025: 40.1% (restated, includes proportionate share of joint venture) · As at 2026-03-31 PDF p. 35
Interest coverage ratio (“ICR”)** 4.0 times FY25/26 (year ended 31 March 2026); comparative FY24/25: 4.0 times PDF p. 35
Average borrowing cost 3.1% FY25/26; comparative FY24/25: 3.1% PDF p. 35
Interest rate hedge ratio 88.6% As at 31 March 2026; comparative 31 March 2025: 80.3% · As at 2026-03-31 PDF p. 35
Weighted average tenor of debt 3.4 years As at 31 March 2026; comparative 31 March 2025: 3.2 years · As at 2026-03-31 PDF p. 35
Average Overall Portfolio occupancy 91.3% FY25/26 average; comparative FY24/25: 92.1% PDF p. 39
Net asset value per unit (S$) 1.63 S$ As at 31 March 2026; comparative 31 March 2025: 1.71; change (4.7)% · As at 2026-03-31 PDF p. 33
Distribution per unit (Singapore cents) 12.71 Singapore cents FY25/26; comparative FY24/25: 13.57; Change (%), FY25/26 vs FY24/25: (6.3) PDF p. 32

Extracted from Annual report and checked against the cited pages; see the original report for full context.

Auditor’s report

Audit & risk signals

Audit opinion

ItemValuePeriod / scopeSource
Audit firm KPMG LLP Group and Trust, FY ended 31 March 2026 PDF p. 121
Engagement partner Sarina Lee Group and Trust, FY ended 31 March 2026 PDF p. 121
Opinion present fairly, in all material respects Group and Trust, FY ended 31 March 2026 PDF p. 118

Key audit matters

ItemValuePeriod / scopeSource
Valuation of investment properties As at 31 March 2026, the carrying value of the Group’s investment properties of S$7.3 billion accounted for 91.8% of the Group’s total assets. Group PDF p. 119

Extracted from Annual report and checked against the cited pages; see the original report for full context.

How to read these figures

Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.

Comparative figures follow Annual report, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.

These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.