Mapletree Logistics Trust
Mapletree Logistics Trust, the first Asia Pacific-focused logistics REIT in Singapore, was listed on the SGX-ST Main Board on 28 July 2005. MLT's principal strategy is to invest in a diversified portfolio of income-producing logistics real estate and real estate-related assets. As at 31 December 2025, it has a portfolio of 174 properties in Singapore, Australia, China, Hong Kong SAR, India, Japan… Read more
Mapletree Logistics Trust (MAPGF) - Net Assets
Latest net assets as of December 2025: $7.06 Billion USD
Based on the latest financial reports, Mapletree Logistics Trust (MAPGF) has net assets worth $7.06 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($13.58 Billion) and total liabilities ($6.53 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $7.06 Billion |
| % of Total Assets | 51.95% |
| Annual Growth Rate | 14.91% |
| 5-Year Change | 18.42% |
| 10-Year Change | 151.75% |
| Growth Volatility | 21.53 |
Mapletree Logistics Trust - Net Assets Trend (2007–2025)
This chart illustrates how Mapletree Logistics Trust's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Mapletree Logistics Trust (2007–2025)
The table below shows the annual net assets of Mapletree Logistics Trust from 2007 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $7.25 Billion | -3.18% |
| 2024-03-31 | $7.48 Billion | -0.51% |
| 2023-03-31 | $7.52 Billion | -1.92% |
| 2022-03-31 | $7.67 Billion | +25.34% |
| 2021-03-31 | $6.12 Billion | +21.96% |
| 2020-03-31 | $5.02 Billion | +7.51% |
| 2019-03-31 | $4.67 Billion | +22.44% |
| 2018-03-31 | $3.81 Billion | +19.50% |
| 2017-03-31 | $3.19 Billion | +10.81% |
| 2016-03-31 | $2.88 Billion | -0.34% |
| 2015-03-31 | $2.89 Billion | +5.71% |
| 2014-03-31 | $2.73 Billion | +5.81% |
| 2013-03-31 | $2.58 Billion | +24.32% |
| 2011-03-31 | $2.08 Billion | +16.63% |
| 2010-03-31 | $1.78 Billion | +3.41% |
| 2009-03-31 | $1.72 Billion | +65.16% |
| 2008-03-31 | $1.04 Billion | +75.71% |
| 2007-03-31 | $593.39 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mapletree Logistics Trust's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 236968500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $2.37 Billion | 32.82% |
| Common Stock | $4.87 Billion | 67.38% |
| Other Comprehensive Income | $-14.38 Million | -0.20% |
| Total Equity | $7.22 Billion | 100.00% |
Mapletree Logistics Trust Competitors by Market Cap
The table below lists competitors of Mapletree Logistics Trust ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sofina S.A.
LSE:0G2X
|
$3.30 Billion |
|
Changjiang Securities Co Ltd
SHE:000783
|
$3.30 Billion |
|
COUSINS PTIES INC. DL 1
F:CPZ1
|
$3.30 Billion |
|
Spar Nord Bank
CO:SPNO
|
$3.30 Billion |
|
GlobalWafers Co Ltd
TWO:6488
|
$3.29 Billion |
|
KB Home
NYSE:KBH
|
$3.29 Billion |
|
Baic Bluepark New Energy Technology
SHG:600733
|
$3.29 Billion |
|
Axonics Inc
F:0I3
|
$3.29 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mapletree Logistics Trust's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,466,386,000 to 7,221,223,000, a change of -245,163,000 (-3.3%).
- Net income of 207,771,000 contributed positively to equity growth.
- Dividend payments of 377,117,000 reduced retained earnings.
- Share repurchases of 180,000,000 reduced equity.
- Other comprehensive income decreased equity by 106,813,999.
- Other factors increased equity by 210,996,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $207.77 Million | +2.88% |
| Dividends Paid | $377.12 Million | -5.22% |
| Share Repurchases | $180.00 Million | -2.49% |
| Other Comprehensive Income | $-106.81 Million | -1.48% |
| Other Changes | $211.00 Million | +2.92% |
| Total Change | $- | -3.28% |
Book Value vs Market Value Analysis
This analysis compares Mapletree Logistics Trust's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.61x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.19x to 0.61x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-03-31 | $0.74 | $0.87 | x |
| 2008-03-31 | $0.95 | $0.87 | x |
| 2009-03-31 | $1.21 | $0.87 | x |
| 2010-03-31 | $0.90 | $0.87 | x |
| 2011-03-31 | $0.96 | $0.87 | x |
| 2013-03-31 | $1.05 | $0.87 | x |
| 2014-03-31 | $1.11 | $0.87 | x |
| 2015-03-31 | $1.16 | $0.87 | x |
| 2016-03-31 | $1.15 | $0.87 | x |
| 2017-03-31 | $1.27 | $0.87 | x |
| 2018-03-31 | $1.37 | $0.87 | x |
| 2019-03-31 | $1.37 | $0.87 | x |
| 2020-03-31 | $1.35 | $0.87 | x |
| 2021-03-31 | $1.53 | $0.87 | x |
| 2022-03-31 | $1.73 | $0.87 | x |
| 2023-03-31 | $1.56 | $0.87 | x |
| 2024-03-31 | $1.51 | $0.87 | x |
| 2025-03-31 | $1.43 | $0.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mapletree Logistics Trust utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.88%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 29.07%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.92x
- Recent ROE (2.88%) is below the historical average (8.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 11.48% | 84.77% | 0.06x | 2.46x | $8.81 Million |
| 2008 | 17.48% | 128.63% | 0.06x | 2.35x | $78.01 Million |
| 2009 | 9.30% | 86.59% | 0.06x | 1.77x | $-12.07 Million |
| 2010 | 5.32% | 45.80% | 0.07x | 1.76x | $-83.38 Million |
| 2011 | 7.83% | 74.14% | 0.06x | 1.79x | $-45.03 Million |
| 2013 | 8.60% | 71.97% | 0.07x | 1.64x | $-36.08 Million |
| 2014 | 11.43% | 100.26% | 0.07x | 1.61x | $38.92 Million |
| 2015 | 9.01% | 78.70% | 0.07x | 1.66x | $-28.44 Million |
| 2016 | 7.28% | 59.75% | 0.07x | 1.81x | $-78.19 Million |
| 2017 | 6.66% | 56.81% | 0.07x | 1.79x | $-106.40 Million |
| 2018 | 12.39% | 119.38% | 0.06x | 1.75x | $91.14 Million |
| 2019 | 9.78% | 100.38% | 0.06x | 1.73x | $-10.16 Million |
| 2020 | 7.87% | 80.33% | 0.05x | 1.81x | $-106.78 Million |
| 2021 | 7.57% | 82.46% | 0.05x | 1.83x | $-148.39 Million |
| 2022 | 10.23% | 117.46% | 0.05x | 1.79x | $17.36 Million |
| 2023 | 7.55% | 78.88% | 0.05x | 1.79x | $-184.27 Million |
| 2024 | 4.39% | 45.30% | 0.05x | 1.85x | $-419.16 Million |
| 2025 | 2.88% | 29.07% | 0.05x | 1.92x | $-514.35 Million |
Industry Comparison
This section compares Mapletree Logistics Trust's net assets metrics with peer companies in the REIT - Industrial industry.
Industry Context
- Industry: REIT - Industrial
- Average net assets among peers: $9,223,705,800
- Average return on equity (ROE) among peers: 6.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mapletree Logistics Trust (MAPGF) | $7.06 Billion | 11.48% | 0.92x | $3.29 Billion |
| Ascendas Real Estate Investment Trust (ACDSF) | $10.27 Billion | 7.41% | 0.74x | $9.40 Billion |
| BWP Trust (BUNNF) | $986.32 Million | 8.26% | 0.26x | $1.54 Billion |
| Big Yellow Group Plc (BYLOF) | $58.39 Million | 1.11% | 1.38x | $2.16 Billion |
| Fibra Terrafina (CBAOF) | $36.60 Billion | 18.57% | 0.50x | $1.16 Billion |
| ESR-REIT (CGIUF) | $1.63 Billion | -14.26% | 0.87x | $119.59 Million |
| Americold Realty Trust (COLD) | $1.83 Billion | 2.63% | 1.28x | $3.22 Billion |
| CubeSmart (CUBE) | $2.95 Billion | 13.24% | 1.16x | $8.74 Billion |
| FIBRA Macquarie México (DBMBF) | $36.33 Billion | 10.92% | 0.46x | $1.13 Billion |
| DHAWF (DHAWF) | $589.00 Million | 0.00% | 1.00x | $146.66 Million |
| Dream Industrial Real Estate Investment Trust (DREUF) | $989.33 Million | 15.92% | 1.18x | $2.10 Billion |