PORTFOLIO TENANTS’ SALES
In line with the cautious consumer spending, CMT’s tenants’ sales on a S$ per square foot (psf) per
month basis, decreased by 1.9% in 2014 compared to the preceding year. Although part of CMT’s
rental structure comprises gross turnover rent which is pegged to tenants’ sales, gross turnover rent
made up only a small percentage of CMT’s gross revenue. It is typically about 5.0%, thus ensuring
the stability of CMT’s gross revenue.
Tenants’ Sales of CMT Portfolio
1
(S$ psf per month)
100
80
60
40
20
2013
2014
1 For comparable basis, the chart includes the entire portfolio, except Bugis Junction (which underwent phase one AEI from
April 2013 to October 2013 and phase two AEI from March 2014 to September 2014) and Westgate (which commenced
operations in December 2013).
Operations Review
64 | CapitaMall Trust Annual Report 2014
