Page 76 - ar2013

Operations
Review
OCCUPANCY COST OF CMT PORTFOLIO BY FINANCIAL YEAR1
(%)
1 Occupancy cost is defined as a ratio of gross rental (inclusive of service charge, advertising and promotional charge as well as gross turnover rent) to tenants’
sales. Portfolio excludes JCube, Bugis+, The Atrium@Orchard, Westgate and Hougang Plaza (sold in June 2012) from 2010 to 2012; portfolio excludes JCube,
Bugis+, The Atrium@Orchard, Bugis Junction and Westgate for 2013.
2010 2011 2012 2013
16.4 16.1 15.8 16.0
Sources: Data publicly disclosed as at 30 June 2013 (Westfield Retail) and 31 December 2013 (CFS Retail Property Trust, CMT, Westfield Group, Unibail-Rodamco,
General Growth Properties and Simon Property).
OCCUPANCY COST OF RETAIL REITS
(%)
17.4
13.7 13.0 11.5
15.8
19.3
OCCUPANCY COST
CMT’s portfolio occupancy cost remained healthy at 15.8% in 2013. Compared with other REITs in Australia,
Europe and the United States, CMT’s portfolio occupancy cost was in line with that of our peers.
SHOPPER TRAFFIC
Shopper traffic has increased by 3.1% year-on-year in 2013, reflecting the result of AEI and active management
of the tenancy mix in each mall to constantly refresh and enhance the retail offerings of our malls and shopping
experiences of our shoppers.
Westfield Retail
(Australia &
New Zealand)
CFS Retail
Property Trust
(Australia)
CMT
(Singapore)
14.6
Westfield
Group
(United States)
Unibail-
Rodamco
(Europe)
General Growth
Properties
(United States)
Simon
Property
(United States)
Clarity 74 CapitaMall Trust Annual Report 2013