fixed period of time in exchange for a guaranteed stake in the offering.
Mapletree's net property income, or revenue, for the seven months ended March 2012 totaled S$98.5 million, with total return for the period reaching S$54.3 million, according to the prospectus. Mapletree forecasts net property income to rise to S$185.7 million in the year ending in March 2014 and reach S$197.5 million the following year.
The REIT expects to distribute S$139.8 million to its unit holders in the 2014 financial year and S$153.2 million in 2015. Citigroup, DBS, Goldman Sachs and HSBC were hired to manage the offering.