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CapitaMall Trust Annual Report 2013 228 Clarity
Glossary
The following table identifies some of the common terms referred to in this Annual Report.
Decantation Optimisation of the usage of retail space by creating more valuable lettable retail
space in exchange for lower-yield space in order to increase the yield of a property.
Deposited Property All the assets of CMT, including all its authorised investments for the time being held or
deemed to be held upon the trusts of the Trust Deed.
Greenfield Development A land site that has not been previously developed or polluted.
Gross Turnover Rent Rental income which is pegged to tenants’ sales.
Lettable Space Any part of a property that can be leased to a tenant.
Manager CapitaMall Trust Management Limited, in its capacity as manager of CMT.
Occupancy Cost Ratio of a tenant’s gross rental (inclusive of service charge, advertising and promotional
charge as well as gross turnover rent) to tenants’ sales.
Rental Reversion Increase or decrease in rental as compared to the preceding rental being fetched for
a retail unit.
Return On Investment Incremental net property income divided by the capital expenditure for an asset
enhancement project.
Rights Issue Underwritten renounceable 9-for-10 rights issue.
Service Charge The expenses that retail tenants pay to their landlords for maintenance of the common
areas, utilities, taxes and other costs.
Sq Ft Square feet.
Step-up Rent Rental rate that increases by predetermined amounts at various points in the future
under a lease agreement.