CAPITAMALL TRUST (CMT) is the first listed Real Estate Investment Trust (REIT) in Singapore. Launched in July 2002, this vehicle invests in quality income-producing retail properties in Singapore. Income is mostly derived from rental payments received from a diverse range of local and international tenants. CMT’s portfolio is made up of five major shopping malls located primarily in suburban areas, as well as an investment in the Class E Bonds issued by a private retail property fund, CapitaRetail Singapore Limited, whose investments are in three other suburban malls.

As at 31 December 2004, CMT has consistently outperformed distribution forecasts, achieving a total return of 105.1¹ percent since listing.

CMT is managed by an external manager, CapitaMall Trust Management Limited, which is an indirect wholly-owned subsidiary of CapitaLand Limited, one of the largest listed property companies in Asia.

CMT will continue to explore yield-accretive acquisitions and investments as well as constantly pioneer new streams of income sources to maximise returns to Unitholders.

¹ Based on total actual DPU of 20.9 cents since the listing of CMT on 17 July 2002 and the Initial Public Offering price of CMT units of S$0.96.