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CapitaLand Mall Trust
Annual Report 2015
Financial Review
Overview
Sustainability
Business
Review
Portfolio
Details
Corporate
Governance &
Transparency
Gross Revenue
Gross revenue for Financial Year (FY) 2015 was S$669.0
million, an increase of S$10.1 million or 1.5% over
FY 2014. Bedok Mall which was acquired on 1 October
2015 contributed S$14.3 million. Bugis Junction (BJ)
accounted for S$4.3 million increase in gross revenue
after the completion of phase two asset enhancement
initiatives (AEI) in September 2014. The other
malls except for IMM Building (IMM), JCube and
1 The sale of Rivervale Mall was completed on 15 December 2015.
2 The acquisition of Brilliance Mall Trust which holds Bedok Mall was completed on 1 October 2015.
Gross Revenue by Property
(S$ million)
FY 2015
FY 2014
Tampines Mall
76.8
74.8
Junction 8
58.6
57.2
Funan DigitaLife Mall
33.8
33.5
IMM Building
73.1
76.7
Plaza Singapura
91.3
88.9
Bugis Junction
83.3
79.0
Sembawang Shopping Centre and Rivervale Mall
1
24.1
23.9
JCube
24.4
32.1
Lot One Shoppers’ Mall
43.9
42.7
Bukit Panjang Plaza
26.6
26.4
The Atrium@Orchard
51.4
52.4
Clarke Quay
34.9
38.6
Bugis+
32.5
32.7
CMT Trust
654.7
658.9
Bedok Mall
2
14.3
-
CMT Group
669.0
658.9
Gross Revenue by Property
(S$ million)
FY 2015
FY 2014
Raffles City Singapore (40.00% interest)
93.7
93.0
Westgate (30.00% interest)
24.5
22.3
Total
118.2
115.3
Clarke Quay (CQ) accounted for S$6.5 million increase
in gross revenue mainly due to higher rental achieved
on new and renewed leases and staggered rental.
IMM recorded lower gross revenue of S$3.6 million
as a result of phase two AEI which commenced in
July 2014 and ended in November 2015. JCube and
CQ recorded S$11.4 million decrease in gross revenue
due to lower occupancy.
CMT’s interest in joint ventures’ gross revenue are shown below for information:
Financials &
Additional
Information
