Corporate Profile
CapitaMall Trust (CMT) is the first Real Estate Investment Trust (REIT) listed on Singapore Exchange Securities Trading Limited (SGX-ST) in July 2002. CMT is also the largest REIT by market capitalisation and asset size in Singapore, with a market capitalisation and asset size of approximately S$5.7 billion and S$9.2 billion respectively as at 31 December 2011.
CMT owns and invests in quality income-producing assets which are used, or predominantly used, for retail purposes primarily in Singapore. As at 31 December 2011, CMT's portfolio comprised a diverse list of close to 2,500 leases with local and international retailers and achieved an average committed occupancy of 94.8%1. CMT's portfolio comprises 16 quality retail properties which are strategically located in the suburban areas and downtown core of Singapore.
In May 2011, CMT took a 30.00% stake in a joint venture to develop a prime site at Jurong Gateway, marking its first foray into greenfield developments.
CMT also owns 122.7 million units in CapitaRetail China Trust, the first China shopping mall REIT listed on SGX-ST in December 2006.
CMT has been assigned an ‘A2' rating by Moody's Investors Service. The ‘A2' rating is the highest rating assigned to a Singapore REIT.
CMT is managed by an external manager, CapitaMall Trust Management Limited, which is a wholly-owned subsidiary of CapitaMalls Asia Limited, one of Asia's largest listed shopping mall developers, owners and managers.
1. Lower occupancy rate was due to ongoing asset enhancement works at Iluma and The Atrium@Orchard.
CapitaMall Trust Report to UnitHolders 2011