CapitaLand Malaysia Mall Trust (5180)

As at 2020 Second Quarter Financial Results (21 July 2020)

CapitaLand Malaysia Mall Trust (CMMT) is a retail REIT in Malaysia, listed on Jul 2010. It has ownership/interest in 5 properties, which are targeting the mass market demographics but shifting focus to the middle and upper-income segments as well, worth RM 4.0 billion as at 30 Jun 2020.

Gross rental income
(by sector)
Percentage
Fashion / Accessories30.8%
Food & Beverage20.4%
Beauty / Health12.7%
Services4.8%
Departmental Store4.8%
Leisure & Entertainment /
Sports & Fitness
7.4%
Electronics / IT7.1%
Supermarket /
Hypermarket
3.9%
Gifts / Specialty /
Books / Hobbies /
Toys / Lifestyle
3.8%
Houseware / Furnishings2.6%
Others1.7%
Gross rental income
(by geographical location)
Percentage
Malaysia100%

Metrics2Q 20201Q 2020
Gearing Ratio
(Aggregate Leverage)
34.2%34.1%
Weighted Average Debt to Maturity
(Average Term to Maturity)
3.9 years4.2 years
Average Cost of Debt (p.a.)4.30%4.35%
Occupancy Rate88.3%90.9%
Weighted Average Lease Expiry
(by GRI)
1.9 years1.9 years
Top 10 tenants
(gross rental income)
14.7%(as at
31 Dec 19)
Top tenant
(gross rental income)
4.7%(as at
31 Dec 19)

2Q 20202Q 20191H 20201H 2019
MetricsRM milRM milRM milRM mil
Gross Revenue49.984.8124.4172.8
Property operating
expenses
(30.5)(34.5)(65.7)(69.7)
Net Property Income19.450.358.7103.1
Distributable Income0.630.920.865.8
DPU0.03c1.51c1.01c3.22c

PORTFOLIO

MALAYSIA

PropertyStateNPI (%)Occupancy
2Q 2020
Occupancy
1Q 2020
Gurney PlazaPenang59.797.699.2
Sungei WangKuala Lumpur0.071.575.5
The MinesSelangor12.282.485.8
East Coast MallPahang22.694.999.0
3 Damansara PropertySelangor7.988.389.0

PropertyValuation
(RM m) Jun-20
Valuation
(RM m) Dec-19
Leasehold
expiry
Gurney Plaza1,665.01,665.0Freehold
Sungei Wang538.0538.0Freehold
The Mines715.0715.020 Mar 2091
East Coast Mall577.0577.018 Dec 2106
3 Damansara Property540.0540.0Freehold

One thought on “CapitaLand Malaysia Mall Trust (5180)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: