MAPIF (Mapletree Industrial Trust) ROE %: -4.84% (As of Mar. 2026)

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MAPIF Mapletree Industrial Trust MAPIF
62 GF Score
Price $1.49
GF Value $1.73
Valuation Modestly Undervalued
! 7 Warning Signs
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What is Mapletree Industrial Trust ROE %?

Mapletree Industrial Trust MAPIF 62 ROE % is -4.84% as of Mar. 2026. GuruFocus rates MAPIF with a GF Score™ of 62/100 and a GF Value™ of $1.73 (Modestly Undervalued). The stock has 7 warning signs investors should review. Among 935 REITs companies, Mapletree Industrial Trust ranks worse than 63.21% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Mapletree Industrial Trust's annualized net income for the quarter that ended in Mar. 2026 was $-195.0 Mil. Mapletree Industrial Trust's average Total Stockholders Equity over the quarter that ended in Mar. 2026 was $4,029.7 Mil. Therefore, Mapletree Industrial Trust's annualized ROE % for the quarter that ended in Mar. 2026 was -4.84%.

The historical rank and industry rank for Mapletree Industrial Trust's ROE % or its related term are showing as below:

MAPIF' s ROE % Range Over the Past 10 Years
Min: 2.26   Med: 7.95   Max: 11.31
Current: 4.3

During the past 13 years, Mapletree Industrial Trust's highest ROE % was 11.31%. The lowest was 2.26%. And the median was 7.95%.

MAPIF's ROE % is ranked worse than
63.21% of 935 companies
in the REITs industry
Industry Median: 6.14 vs MAPIF: 4.30

Mapletree Industrial Trust  (OTCPK:MAPIF) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-194.996/4029.674
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(-194.996 / 489.104)*(489.104 / 6247.3565)*(6247.3565 / 4029.674)
=Net Margin %*Asset Turnover*Equity Multiplier
=-39.87 %*0.0783*1.5503
=ROA %*Equity Multiplier
=-3.12 %*1.5503
=-4.84 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Mar. 2026 )
=Net Income/Total Stockholders Equity
=-194.996/4029.674
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (-194.996 / -113.22) * (-113.22 / 328.296) * (328.296 / 489.104) * (489.104 / 6247.3565) * (6247.3565 / 4029.674)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1.7223 * -0.3449 * 67.12 % * 0.0783 * 1.5503
=-4.84 %

Note: The net income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Mapletree Industrial Trust ROE % Related Terms


Mapletree Industrial Trust ROE % Historical Data

* Premium members only.

The historical data trend for Mapletree Industrial Trust's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Mapletree Industrial Trust ROE % Chart

Mapletree Industrial Trust Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.53 5.50 2.26 6.60 4.33

Mapletree Industrial Trust Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4.15 8.01 7.08 7.19 -4.84

MAPIF vs PLD, PSA, EXR: ROE % Comparison

For the REIT - Industrial subindustry, Mapletree Industrial Trust's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Mapletree Industrial Trust ROE % vs REITs Industry

For the REITs industry and Real Estate sector, Mapletree Industrial Trust's ROE % distribution charts can be found below:

* The bar in red indicates where Mapletree Industrial Trust's ROE % falls into.


MAPIF
62GF Score
Mapletree Industrial Trust MAPIF
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Mapletree Industrial Trust ROE % Calculation

Mapletree Industrial Trust's annualized ROE % for the fiscal year that ended in Mar. 2026 is calculated as

ROE %=Net Income (A: Mar. 2026 )/( (Total Stockholders Equity (A: Mar. 2025 )+Total Stockholders Equity (A: Mar. 2026 ))/ count )
=173.017/( (3885.549+4097.755)/ 2 )
=173.017/3991.652
=4.33 %

Mapletree Industrial Trust's annualized ROE % for the quarter that ended in Mar. 2026 is calculated as

ROE %=Net Income (Q: Mar. 2026 )/( (Total Stockholders Equity (Q: Dec. 2025 )+Total Stockholders Equity (Q: Mar. 2026 ))/ count )
=-194.996/( (3961.593+4097.755)/ 2 )
=-194.996/4029.674
=-4.84 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Mar. 2026) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of -4.84% mean?
Mapletree Industrial Trust (MAPIF) has a ROE % of -4.84% as of Mar. 2026. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Mapletree Industrial Trust and its competitors. Over the past decade, Mapletree Industrial Trust's ROE % has ranged from 2.26 to 11.31. According to the industry distribution chart, Mapletree Industrial Trust ranks #591 out of 935 companies in the REITs industry, placing it in the top 63.2%.
Is Mapletree Industrial Trust's ROE % too high?
Mapletree Industrial Trust's current ROE % is -4.84%. Over the past 10 years, this metric has ranged from a low of 2.26 to a high of 11.31. Based on the distribution chart, Mapletree Industrial Trust ranks #591 out of 935 companies in the REITs industry, which is below the industry midpoint. Overall, Mapletree Industrial Trust has a GF Score™ of 62/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Mapletree Industrial Trust's ROE % compare to PLD and PSA?
According to the REITs industry distribution chart, Mapletree Industrial Trust ranks #591 out of 935 companies for ROE %. This places Mapletree Industrial Trust in the lower half of its industry. The industry median ROE % is 6.14. Historically, Mapletree Industrial Trust's own ROE % has ranged from 2.26 to 11.31 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a REITs company?
The median ROE % among REITs companies is 6.14, based on 935 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on Mapletree Industrial Trust and its competitors. For the REITs industry, the median ROE % is 6.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Mapletree Industrial Trust's current ROE % is -4.84%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Mapletree Industrial Trust stock overvalued right now?
Based on GuruFocus' analysis, Mapletree Industrial Trust (MAPIF) is currently considered Modestly Undervalued. The stock's GF Value™ is $1.73, compared to a current price of $1.49 — trading 13.9% below its estimated fair value. The current ROE % is -4.84%. Mapletree Industrial Trust's overall GF Score™ is 62/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For Mapletree Industrial Trust (MAPIF), the current ROE % is -4.84% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Mapletree Industrial Trust (MAPIF) Overvalued in 2026?

Based on GuruFocus' analysis, Mapletree Industrial Trust stock appears to be undervalued. The current stock price of $1.49 is trading 13.9% below its estimated GF Value™ of $1.73. GuruFocus considers Mapletree Industrial Trust to be Modestly Undervalued.

Key valuation signals for MAPIF:

  • ROE %: -4.84%
  • GF Value™: $1.73 vs. price of $1.49 (13.9% below fair value)
  • GF Score™: 62/100 with 7 warning signs

No single metric tells the full story. See the MAPIF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Mapletree Industrial Trust Business Description

Industry Real EstateREITs
Other Exchanges ME8U:SingaporeM2L:Germany
Address 10 Pasir Panjang Road, No. 13-01, Mapletree Business City, Singapore, SGP, 117438
Mapletree Industrial Trust is a real estate investment trust focused on industrial properties and data centers. Its property portfolio consists of 136 properties in Singapore, North America, and Japan. Types of property owned include data centers, high-tech buildings, business parks, and general industrial. The trust is externally managed by Mapletree Industrial Trust Management Limited, a subsidiary of its sponsor, which owns around 31% stake in the trust.
62GF Score

Get the complete analysis for MAPIF

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$1.49
Price
$1.73
GF Value