Mr Cheah Kim Teck
Non-Executive Chairman and Director
Mapletree Industrial Trust Management Ltd.The business, the people and the ownership behind Mapletree Ind Tr.
Business overview
Mapletree Industrial Trust (MIT) is a Singapore-listed real estate investment trust investing in industrial properties in Singapore and data centres beyond Singapore. Its portfolio spans Singapore, North America and Japan, with assets including data centres, hi-tech buildings and business space, and general industrial buildings. It is managed by Mapletree Industrial Trust Management Ltd. and sponsored by Mapletree Investments Pte Ltd.
Listed security
Board & management
Non-Executive Chairman and Director
Mapletree Industrial Trust Management Ltd.Lead Independent Non-Executive Director
Mapletree Industrial Trust Management Ltd.Independent Non-Executive Director
Mapletree Industrial Trust Management Ltd.Independent Non-Executive Director
Mapletree Industrial Trust Management Ltd.Independent Non-Executive Director
Mapletree Industrial Trust Management Ltd.Independent Non-Executive Director
Mapletree Industrial Trust Management Ltd.Independent Non-Executive Director
Mapletree Industrial Trust Management Ltd.Independent Non-Executive Director
Mapletree Industrial Trust Management Ltd.Independent Non-Executive Director
Mapletree Industrial Trust Management Ltd.Independent Non-Executive Director
Mapletree Industrial Trust Management Ltd.Non-Executive Director
Mapletree Industrial Trust Management Ltd.Non-Executive Director
Mapletree Industrial Trust Management Ltd.Executive Director and Chief Executive Officer
Mapletree Industrial Trust Management Ltd.Roles listed in Annual report; current appointments are not independently verified.
Holdings
Direct Interest: –; Deemed Interest: 781,774,605; % of Total Issued Capital: 27.38
MIT unitsDirect Interest: –; Deemed Interest: 742,187,668; % of Total Issued Capital: 25.99
MIT unitsDirect Interest: –; Deemed Interest: 742,187,668; % of Total Issued Capital: 25.99
MIT unitsDirect Interest: 707,719,554; Deemed Interest: 34,468,114; % of Total Issued Capital: 25.99
MIT unitsTotal interests include direct and deemed holdings and may overlap across holders. These percentages should not be added together.
Registered holdings, including nominees and depositories; these do not establish ultimate beneficial ownership. As reported at 2026-05-29 · PDF p. 196
| Registered holder | Interest | Shares / units | Source |
|---|---|---|---|
| Mapletree Dextra Pte. Ltd. | 707,719,554; 24.79 | PDF p. 1962026-05-29 | |
| DBS Nominees (Private) Limited | 425,216,169; 14.89 | PDF p. 1962026-05-29 | |
| Citibank Nominees Singapore Pte Ltd | 373,168,145; 13.07 | PDF p. 1962026-05-29 | |
| HSBC (Singapore) Nominees Pte Ltd | 238,908,042; 8.37 | PDF p. 1962026-05-29 | |
| Raffles Nominees (Pte.) Limited | 109,372,358; 3.83 | PDF p. 1962026-05-29 | |
| DBSN Services Pte. Ltd. | 88,795,318; 3.11 | PDF p. 1962026-05-29 | |
| ABN AMRO Clearing Bank N.V. | 48,152,993; 1.69 | PDF p. 1962026-05-29 | |
| United Overseas Bank Nominees (Private) Limited | 47,877,696; 1.68 | PDF p. 1962026-05-29 | |
| Mapletree Industrial Trust Management Ltd. | 34,468,114; 1.21 | PDF p. 1962026-05-29 | |
| Phillip Securities Pte Ltd | 32,026,567; 1.12 | PDF p. 1962026-05-29 | |
| iFAST Financial Pte. Ltd. | 31,740,397; 1.11 | PDF p. 1962026-05-29 | |
| Moomoo Financial Singapore Pte. Ltd. | 31,524,057; 1.10 | PDF p. 1962026-05-29 | |
| BPSS Nominees Singapore (Pte.) Ltd. | 29,147,034; 1.02 | PDF p. 1962026-05-29 | |
| OCBC Nominees Singapore Private Limited | 22,208,723; 0.78 | PDF p. 1962026-05-29 | |
| OCBC Securities Private Limited | 19,209,061; 0.67 | PDF p. 1962026-05-29 | |
| Tiger Brokers (Singapore) Pte. Ltd. | 15,726,792; 0.55 | PDF p. 1962026-05-29 | |
| CGS International Securities Singapore Pte. Ltd. | 9,495,124; 0.33 | PDF p. 1962026-05-29 | |
| DB Nominees (Singapore) Pte Ltd | 9,134,372; 0.32 | PDF p. 1962026-05-29 | |
| Maybank Securities Pte. Ltd. | 7,509,246; 0.26 | PDF p. 1962026-05-29 | |
| UOB Kay Hian Private Limited | 6,806,360; 0.24 | PDF p. 1962026-05-29 | |
Group structure
| Company | Market | Ownership interest |
|---|---|---|
| MIT Tai Seng Trust (a)Wholly owned subsidiary held directly by MITPDF p. 167 | Property investment; Singapore; 2026:100%; 2025:100% | |
| Navarro DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Etowah DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Redwood DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Cumberland DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Ambrose DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Galveston DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Savannah DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Denali DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Gannett DC Assets LP (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Humphreys DC Assets LP (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Richmond DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Acadia DC2 Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Allegheny DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Brazos DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Canyon DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Crater DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Tierra DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Olympic DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Glacier DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Holston DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Bryce DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Yosemite DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Capitol DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Arches DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Rainier DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Evans DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Cypress DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Elias DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Blanca DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Sanford DC Assets LP (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Carmel DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Crestone DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Gannett NC Assets Corp (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Guadalupe DC Assets LLC (b)Wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 167 | Property investment; The United States; 2026:100%; 2025:100% | |
| Mapletree Singapore Industrial Trust (a)Wholly owned subsidiary held directly by MITPDF p. 167 | Property investment; Singapore; 2026:100%; 2025:100% | |
| Mapletree Redwood Data Centre Trust (a)Wholly owned subsidiary held directly by MITPDF p. 167 | Investment holding; Singapore; 2026:100%; 2025:100% | |
| Redwood DC (US) Assets Pte. Ltd. (a)Wholly owned subsidiary held directly by MITPDF p. 167 | Investment holding; Singapore; 2026:100%; 2025:100% | |
| Hudson DC (US) Assets Pte. Ltd. (a)Wholly owned subsidiary held directly by MITPDF p. 167 | Investment holding; Singapore; 2026:100%; 2025:100% | |
| Redwood DC Holdings Pte. Ltd. (a)Wholly owned subsidiary held directly by MITPDF p. 167 | Investment holding; Singapore; 2026:100%; 2025:100% | |
| Mapletree Industrial Trust Treasury Company Pte. Ltd. (a)Wholly owned subsidiary held directly by MITPDF p. 167 | Provision of treasury services; Singapore; 2026:100%; 2025:100% | |
| Godo Kaisha Yuri 3 (b)Non-wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 168 | Investment holding; Japan; 2026:97%; 2025:97% | |
| Yuri Tokutei Mokuteki Kaisha (c)Non-wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 168 | Property investment; Japan; 2026:98.47%; 2025:98.47% | |
| Godo Kaisha Hasu (b)Non-wholly owned subsidiary held indirectly through MIT’s subsidiariesPDF p. 168 | Property investment; Japan; 2026:98.47%; 2025:98.47% | |
Ownership interests and geographic information follow the annual report. Comparative years and footnote markers retain the report’s notation.
Senior executives
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Ms Khoo Geng Foong | Chief Financial Officer | Manager of Mapletree Industrial Trust | PDF p. 26 |
| Mr Peter Tan Che Heng | Head of Investment | Manager of Mapletree Industrial Trust | PDF p. 26 |
| Ms Serene Tam Mei Fong | Head of Asset Management | Manager of Mapletree Industrial Trust | PDF p. 27 |
| Mr Wan Kwong Weng | Joint Company Secretary | Manager and Sponsor | PDF p. 27 |
| Ms See Hui Hui | Joint Company Secretary | Manager of Mapletree Industrial Trust | PDF p. 27 |
Extracted from Annual report and checked against the cited pages; see the original report for full context.
Related parties, people & properties
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Manager's management fees | 44,914 S$'000 | Mapletree Investments Pte Ltd and its subsidiaries; exempted under Rule 905; FY ended 31 March 2026; excl. transactions <S$100,000 and Rule 920 mandate | PDF p. 198 |
| Asset management fees | 12,705 S$'000 | Mapletree Investments Pte Ltd and its subsidiaries; exempted under Rule 905; FY ended 31 March 2026 | PDF p. 198 |
| Trustee fees | 983 S$'000 | DBS Trustee Limited; exempted under Rule 905; FY ended 31 March 2026 | PDF p. 198 |
| Property and lease management fees2 | 18,866 S$'000 | Temasek Holdings (Private) Limited and its related companies; non-exempted IPTs; FY ended 31 March 2026 | PDF p. 198 |
| (ii) DBS Group Holdings Ltd and subsidiaries | 62,531 S$'000 | DBS Group Holdings Ltd and subsidiaries; non-gateway/carpark portal and subscription of perpetual securities; non-exempted IPT; FY ended 31 March 2026 | PDF p. 198 |
| – Manager's management fees to Mapletree Rosewood Data Centre Trust (“MRODCT”) | 8,955 S$'000 | Exceptions under Rule 916; MRODCT; FY ended 31 March 2026 | PDF p. 198 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| EVENT OCCURRING AFTER REPORTING DATE | Subsequent to the reporting date, the Manager announced a distribution of 3.09 cents per unit for the period from 1 January 2026 to 31 March 2026. | Group | PDF p. 195 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Ms Ler Lily | S$1,310,512 | CEO of the Manager, FY25/26 | PDF p. 98 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| aggregate amount of remuneration awarded by the Manager to its staff | S$10.3 million | Manager's staff, FY ended 31 March 2026 | PDF p. 99 |
Extracted from Annual report and checked against the cited pages; see the original report for full context.
Corporate information