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The report highlights a disciplined approach to balancing key properties across sectors and geographies, supported by capital and asset management, to deliver sustainable returns to unitholders. It outlines the REIT’s corporate profile, investment strategy and property portfolio composition as at 31 March 2026, including data centres and industrial real estate worldwide.",{"@graph":63,"@context":119},[64,80,102],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":51,"@type":70,"position":76},"https://docshare.wps.com/template/general/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/mapletree-industrial-trust-annual-report-20252026-shaping-balance-building-strength/564425/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/mapletree-industrial-trust-annual-report-20252026-shaping-balance-building-strength/564425.png","ImageObject",442,249,{"name":88,"@type":89},"Jasmine","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-11-03","2026-10-12",true,{"@type":98,"interactionType":99,"userInteractionCount":101},"InteractionCounter",{"@type":100},"ViewAction",7,{"@type":103,"mainEntity":104},"FAQPage",[105,111,115],{"name":106,"@type":107,"acceptedAnswer":108},"What is the annual report’s core theme for FY2025/26?","Question",{"text":109,"@type":110},"“Shaping Balance • Building Strength” focuses on reshaping the portfolio while maintaining financial and operational resilience, supported by strategic investments and divestments.","Answer",{"name":112,"@type":107,"acceptedAnswer":113},"What investment strategy does Mapletree Industrial Trust follow?",{"text":114,"@type":110},"MIT invests in a diversified portfolio of income-producing real estate in Singapore primarily for industrial purposes, and income-producing real estate used primarily as data centres worldwide beyond Singapore, plus real-estate-related assets.",{"name":116,"@type":107,"acceptedAnswer":117},"What scale and composition of assets does MIT report as at 31 March 2026?",{"text":118,"@type":110},"MIT reports total assets under management of S$8.3 billion, comprising 55 properties in North America, 79 properties in Singapore, and two properties in Japan, with categories including data centres, hi-tech buildings, business space, and general industrial buildings.","https://schema.org",{"og:url":78,"og:type":121,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":123,"canonical":78},"index,follow",{"doc_id":125,"site_id":56},564425,1792092568,{"code":4,"msg":5,"data":128},{"doc_id":125,"user_id":129,"nickname":88,"user_avatar":130,"doc_module":9,"category_id":50,"category_name":51,"doc_title":59,"doc_description":61,"doc_content":131,"file_id":132,"file_url":133,"file_type":134,"file_size":135,"view_count":101,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":136,"language":137,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":138,"faqs":139,"seo_title":140,"seo_description":61,"update_tm":141,"read_time":22},2336478487870,"https://ap-avatar.wpscdn.com/davatar_085a072bc5b1113ac321206ff7593b45","SHAPING  \nBALANCE  \nBUILDING STRENGTH  \nMAPLETREE INDUSTRIAL TRUST  \nANNUAL REPORT  \n2025/2026  \n‘Shaping Balance • Building Strength’ reflects our ongoing progress in reshaping MIT’s portfolio while maintaining financial and operational resilience. The structured cuboid form symbolises how we build on solid foundations to achieve long-term growth. Through strategic investments and divestments, supported by effective capital and asset management, we are shaping a balanced portfolio poised to deliver sustainable returns to all unitholders.  \nScan to View Annual Report 2025/2026  \nVISION  \nTo be the preferred industrial real estate solutions provider  \nMISSION  \nTo deliver sustainable and growing returns to Unitholders by providing quality industrial real estate solutions to clients  \nCORPORATE PROFILE  \nMapletree Industrial Trust (“MIT”) is a real estate investment trust (“REIT”) listed on the Main Board of Singapore Exchange. Its principal investment strategy is to invest in a diversified portfolio of income-producing real estate used primarily for industrial purposes in Singapore and income-producing real estate used primarily as data centres worldwide beyond Singapore, as well as real estate-related assets.  \nAs at 31 March 2026, MIT’s total assets under management was S$8 .3 billion, which comprised 55 properties in North America (including 13 data centres held through the joint venture with Mapletree Investments Pte Ltd), 79 properties in Singapore and two properties in Japan. MIT’s property portfolio includes Data Centres, Hi-Tech Buildings and Business Space, and General Industrial Buildings.  \nMIT is managed by Mapletree Industrial Trust Management Ltd. (the “Manager”), a wholly-owned subsidiary of Mapletree Investments Pte Ltd (the “Sponsor”) . Headquartered in Singapore, the Sponsor is a global real estate development, investment, capital and property management company committed to sustainability.  \nCONTENTS  \nOVERVIEW  \nKey Highlights 8  \nMessage from Chairman and CEO 10  \nSignificant Events 13  \nStrategic Direction 14  \nLEADERSHIP  \nOrganisation and Trust Structures 16  \nBoard of Directors 17  \nManagement Team 24  \nCorporate Services Team 25  \nProperty Management Team 26  \nPERFORMANCE  \nUnit Performance 28  \nFinancial Review 30  \nCapital Management 33  \nOperations Review 36  \nPORTFOLIO  \nStrategic Locations 44  \nProperty Portfolio Overview 46  \nSingapore Industrial Property 60  \nMarket Overview  \nData Centre Market Overview 70  \nGOVERNANCE  \nCorporate Governance Highlights 82  \nCorporate Governance 83  \nRisk Management 105  \nSustainability 109  \nInvestor Relations 110  \nFINANCIALS AND OTHERS  \nFinancial Statements 113  \nStatistics of Unitholdings 194  \nInterested Person Transactions 196  \nCorporate Directory IBC  \nBUILDING ON  \nSOLID  \nFOUNDATIONS  \nBalancing Key Properties to Reinforce Portfolio Stability and Focus  \nMIT’s large, diversified portfolio of 136 properties, with assets under management of S$8 .3 billion, reduces dependence on any single tenant or trade sector. The strategic balance of key assets across sectors and geographies reinforces portfolio stability and sharpens our focus on sustainable growth. Our disciplined approach strengthens resilience against market fluctuations while positioning the portfolio to deliver lasting value on solid foundations.  \n2  \nM a p l e t r e e  \nI n d u s t r i a l  \nTr u s t | A n n u a l R e p o r t 2 02 5 / 2 02 6  \nS$8.3B  \nAssets Under Management  \n136  \nProperties  \nMapletree Hi-Tech Park @ Kallang Way, Singapore  \nUNLOCKING  \nVALUE  \nRepositioning the Portfolio for Future Growth  \nIn FY25/26, we completed S$550 .6 million of divestments across Singapore and North America, which created ample debt headroom to seize new value-creating investment opportunities. With a further S$500 million to S$600 million of divestments targeted in North America, we continue to recycle capital and rebalance the portfolio towards highquality data centre investments in Asia Pacific","cbCaid0HFtllVf8g","https://ap.wps.com/l/cbCaid0HFtllVf8g","pdf",7378686,201,"English","# Overview\n## Key Highlights\n## Message from Chairman and CEO\n## Significant Events\n## Strategic Direction\n# Leadership\n## Organisation and Trust Structures\n## Board of Directors\n## Management Team\n## Corporate Services Team\n## Property Management Team\n# Performance\n## Unit Performance\n## Financial Review\n## Capital Management\n## Operations Review\n# Portfolio\n## Strategic Locations\n## Property Portfolio Overview\n## Singapore Industrial Property\n## Market Overview\n## Data Centre Market Overview\n# Governance\n## Corporate Governance Highlights\n## Corporate Governance\n## Risk Management\n## Sustainability\n## Investor Relations\n# Financials and Others\n## Financial Statements\n## Statistics of Unitholdings\n## Interested Person Transactions\n## Corporate Directory","[{\"question\":\"What is the annual report’s core theme for FY2025/26?\",\"answer\":\"“Shaping Balance • Building Strength” focuses on reshaping the portfolio while maintaining financial and operational resilience, supported by strategic investments and divestments.\"},{\"question\":\"What investment strategy does Mapletree Industrial Trust follow?\",\"answer\":\"MIT invests in a diversified portfolio of income-producing real estate in Singapore primarily for industrial purposes, and income-producing real estate used primarily as data centres worldwide beyond Singapore, plus real-estate-related assets.\"},{\"question\":\"What scale and composition of assets does MIT report as at 31 March 2026?\",\"answer\":\"MIT reports total assets under management of S$8.3 billion, comprising 55 properties in North America, 79 properties in Singapore, and two properties in Japan, with categories including data centres, hi-tech buildings, business space, and general industrial buildings.\"}]","Mapletree Industrial Trust - Annual Report 2025/2026 - Shaping Balance • Building Strength | PDF",1791842076]