As at 2020 Second Quarter Financial Results (22 July 2020)
CapitaLand Mall Trust (CMT) is the first REIT in Singapore, listed on Jul 2002. It is also the largest retail REIT in Singapore with ownership/interest in 15 properties, which are strategically located in the suburban areas and downtown core of Singapore, worth S$7.2 billion as at 30 Jun 2020.
| Gross rental income (by sector) | Percentage |
| Food & Beverage | 31.1% |
| Beauty & Health | 11.7% |
| Fashion | 11.0% |
| Department Store | 5.8% |
| Office | 5.4% |
| Leisure & Entertainment / Music & Video | 4.8% |
| Gifts & Souvenirs / Toys & Hobbies / Books & Stationery / Sporting Goods | 4.8% |
| Services | 4.2% |
| Supermarket | 3.6% |
| Shoes & Bags | 3.5% |
| IT & Telecommunications | 3.5% |
| Home Furnishing | 3.0% |
| Electrical & Electronics | 2.2% |
| Jewellery & Watches | 2.1% |
| Education | 1.4% |
| Warehouse | 1.4% |
| Others | 0.5% |
| Gross rental income (by geographical location) | Percentage |
| Singapore | 100% |
| Metrics | 2Q 2020 | 1Q 2020 |
| Gearing Ratio (Aggregate Leverage) | 34.4% | 33.3% |
| Weighted Average Debt to Maturity (Average Term to Maturity) | 4.5 years | 4.7 years |
| Average Cost of Debt (p.a.) | 3.1% | 3.2% |
| Occupancy Rate | 97.7% | 98.5% |
| Weighted Average Lease Expiry (by GRI) | 2.0 years | 2.2 years |
| Top 10 tenants (gross rental income) | 22.1% | (as at 31 Dec 19) |
| Top tenant (gross rental income) | 3.2% | (as at 31 Dec 19) |
| 2Q 2020 | 2Q 2019 | 1H 2020 | 1H 2019 | |
| Metrics | S$ mil | S$ mil | S$ mil | S$ mil |
| Gross Revenue | 114.1 | 189.5 | 318.4 | 382.3 |
| Property operating expenses | (46.0) | (56.4) | (102.0) | (109.0) |
| Net Property Income | 68.1 | 133.2 | 216.4 | 273.3 |
| Distributable Income | 78.1 | 107.7 | 109.7 | 214.0 |
| DPU | 2.11c | 2.92c | 2.96c | 5.80c |
PORTFOLIO
SINGAPORE
| Property | NPI (%) | Occupancy 2Q 2020 | Occupancy 1Q 2020 | Cap rate |
| Tampines Mall | 10 | 99.1 | 99.6 | 4.70 |
| Junction 8 | 8 | 99.5 | 100.0 | 4.70 |
| Funan | 9 | 99.2 | 99.3 | 4.85 (R) 3.90 (O) |
| IMM Building | 11 | 98.2 | 99.4 | 6.20 (R) 7.00  |
| Plaza Singapura | 12 | 99.3 | 99.9 | 4.40 |
| Bugis Junction | 10 | 98.7 | 98.8 | 4.70 |
| JCube | – | 95.4 | 94.8 | 4.85 |
| Raffles City Singapore | – | 97.6 | 98.5 | 4.70 (R) 3.95 (O) 4.75 (H) |
| Lot One Shoppers’ Mall | 5 | 97.6 | 98.4 | 4.70 |
| Bukit Panjang Plaza | – | 95.4 | 94.8 | 4.80 |
| The Atrium@Orchard | 8 | 97.4 | 98.5 | 4.65 (R) 3.75 (O) |
| Clarke Quay | 4 | 92.3 | 95.9 | 4.85 |
| Bugis+ | 4 | 99.8 | 100.0 | 5.20 |
| Bedok Mall | 7 | 96.9 | 98.9 | 4.60 |
| Westgate | 9 | 98.8 | 98.8 | 4.50 |
For Cap rate, (R) = Retail, (O) = Office, = Warehouse, (H) = Hotel
NPI % of JCube and Bukit Panjang Plaza together is 5%
Raffles City Singapore is a joint venture whereby CMT has 40.0% interest in.
| Property | Valuation ($m) Jun-20 | Valuation ($m) Dec-19 | Leasehold expiry |
| Tampines Mall | 1,072.0 | 1,085.0 | 1 Sep 2091 |
| Junction 8 | 794.0 | 799.0 | 1 Sep 2090 |
| Funan | 742.0 | 775.0 | 12 Dec 2078 |
| IMM Building | 660.0 | 675.0 | 23 Jan 2049 |
| Plaza Singapura | 1,300.0 | 1,349.0 | Freehold |
| Bugis Junction | 1,087.0 | 1,106.0 | 10 Sep 2089 |
| JCube | 276.0 | 288.0 | 1 Mar 2090 |
| Raffles City Singapore (40%) | 1,306.4 | 1,353.6 | 16 Jul 2078 |
| Lot One Shoppers’ Mall | 531.0 | 537.0 | 1 Dec 2092 |
| Bukit Panjang Plaza | 324.0 | 330.0 | 1 Dec 2093 |
| The Atrium@Orchard | 740.0 | 764.0 | 15 Aug 2107 |
| Clarke Quay | 394.0 | 414.0 | 13 Jan 2089 |
| Bugis+ | 353.0 | 357.0 | 30 Sep 2065 |
| Bedok Mall | 779.0 | 794.0 | 21 Nov 2110 |
| Westgate | 1,087.0 | 1,131.0 | 29 Aug 2110 |
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