78
CapitaLand Mall Trust
Annual Report 2015
Financial Review
Net Property Income
As a result of the higher gross revenue, net property
income (NPI) of S$466.2 million was S$17.8 million
or 4.0% higher than the S$448.4 million for FY 2014.
This was mainly due to Bedok Mall which was acquired
1 The sale of Rivervale Mall was completed on 15 December 2015.
2 The acquisition of Brilliance Mall Trust which holds Bedok Mall was completed on 1 October 2015.
on 1 October 2015 and BJ which completed its phase
two AEI in September 2014. The above was partially
offset by lower NPI from IMM, JCube and CQ as a
result of lower gross revenue.
Net Property Income by Property
(S$ million)
FY 2015
FY 2014
Tampines Mall
56.8
55.0
Junction 8
41.9
40.7
Funan DigitaLife Mall
22.8
21.7
IMM Building
46.8
50.3
Plaza Singapura
67.8
66.6
Bugis Junction
62.0
53.9
Sembawang Shopping Centre and Rivervale Mall
1
14.9
14.4
JCube
13.1
15.9
Lot One Shoppers’ Mall
30.7
29.5
Bukit Panjang Plaza
17.2
17.1
The Atrium@Orchard
39.0
37.8
Clarke Quay
20.9
23.1
Bugis+
22.0
22.4
CMT Trust
455.9
448.4
Bedok Mall
2
10.3
-
CMT Group
466.2
448.4
Net Property Income by Property
(S$ million)
FY 2015
FY 2014
Raffles City Singapore (40.00% interest)
69.2
68.1
Westgate (30.00% interest)
16.9
13.6
Total
86.1
81.7
CMT’s interest in joint ventures’ NPI are shown below for information:
