Tag Archives: CapitaMall Trust

CMT’s Q3 distributable income jumps 23.3%

Posted on 23 Oct 2009 | Comments Off on CMT’s Q3 distributable income jumps 23.3%

Unitholders will receive the Q3 distribution of 2.35cents on Nov26

‘With the clear but modest recovery, we expect retail sales in the upcoming months to be supported by festive spending.’ chairman of trust manager CapitaMall Trust Management

Click here for CMT’s news release

Financial results

Presentation slides

CAPITAMALL Trust (CMT) yesterday posted a net property income of $94.5 million for the third quarter ended Sept 30. This is 8.8 per cent more than a year ago.

Higher net property income was driven by an increase in gross revenue, from the purchase of The Atrium@Orchard and the completion of asset enhancement works at Sembawang Shopping Centre. Continue reading →

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CMA listing won’t hurt CMT, CRCT performance

Posted on 9 Oct 2009 | Comments Off on CMA listing won’t hurt CMT, CRCT performance

WE refer to the Hock Lock Siew commentary, ‘Spinoff by CapitaLand: Will Reit units lose out?’ (BT, Oct 8).

We would like to assure investors that the business model and financial performance of CapitaMall Trust (CMT) and CapitaRetail China Trust (CRCT) will not be affected by the listing of CapitaMalls Asia (CMA).

Being real estate investment trusts (Reits), CMT and CRCT offer stable and sustainable distributions, primarily from the rental income derived from their portfolio of properties.

Further, they will continue to enjoy the right of first refusal for CMA’s completed and stabilised shopping mall pipeline in Singapore and China respectively.

CMA, on the other hand, will primarily focus on the development or redevelopment of shopping malls (including greenfield malls) and the management of retail property funds. Its focus will be more on growth and less on dividend payout – similar to other real estate development companies. Continue reading →

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Posted in Developers, Funds

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