Mapletree Investments Pte Ltd delivered a strong performance in FY09, achieving a Profit After Tax And Minority Interest (PATMI) of $393.8 million. This represented an increase of 87% over FY08’s $210.3 million.

The increase is attributed primarily to an improved Operating PATMI of $236.5 million as compared to $199.2 million in FY08, development value-add from the group’s development of Mapletree Business City as well as revaluation gains from its existing properties.

Revenue in FY09 increased to $453.5 million as the group recorded improved rent for its investment properties in Singapore and from higher fee income from its public and private real estate funds.

Fee income from its listed REIT, Mapletree Logistics Trust (MapletreeLog) and its private real estate funds, Mapletree industrial Fund (MIF), Mapletree India China Fund (MIC Fund) and Mapletree Industrial Trust (MIT), grew 11% from $72.1 million in FY08 to $79.9 million in FY09.