Mapletree North Asia Commercial Trust | REIT Profile

Symbol: RW0U
Exchange: SGX
Founded: 2013 (11 years)
HQ: Singapore, Singapore
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Office

See RW0U on Yahoo Finance

Listed on the Singapore Exchange Securities Trading Limited ("SGX-ST") on 7 March 2013, Mapletree North Asia Commercial Trust ("MNACT") (formerly known as Mapletree Greater China Commercial Trust1) is the first real estate investment trust (REIT) that offers investors the opportunity to invest in best-in-class commercial properties situated in prime locations in Hong Kong SAR, China and Japan2. At a market capitalisation of approximately S$3.6 billion as at 25 May 2018, MNACT is also the fourth REIT sponsored by Mapletree Investments Pte Ltd ("MIPL" or the "Sponsor"), a leading real estate development, investment and capital management company headquartered in Singapore. MNACT aims to invest, directly or indirectly, in a diversified portfolio of income-producing real estate in Greater China and Japan which is used primarily for commercial purposes (including real estate used predominantly for retail and/or offices), as well as real estate-related assets. MNACT's investment mandate includes Hong Kong, Tier-1 cities (Beijing, Shanghai, Guangzhou and Shenzhen) and key Tier-2 cities in China, and Japan. MNACT is managed by Mapletree North Asia Commercial Trust Management Ltd., a wholly-owned subsidiary of MIPL. To better align with investors' interest, MNACT is also the first Singapore-listed REIT to introduce a management fee structure that is based on distributable income and distribution per unit growth, rather than assets under management and net property income.