INTRODUCTION | INGENIOUS VALUE CREATION & GROWTH STRATEGIES | IN CONVERSATION | INSIGHTS INTO GROWTH | INSPIRING LEADERSHIP
INTEGRATING PEOPLE & SOCIETY | INVESTOR RELATIONS | IN REVIEW | INCREASING DOMINANCE | IN DETAILS
CapitaMall Trust (CMT), which was listed in July 2002, is the first Real Estate Investment Trust (REIT) to be listed on Singapore Exchange Securities Trading Limited. As at 31 December 2005, we are the largest REIT by market capitalisation and asset size in Singapore, with a market capitalisation of approximately S$3.1 billion and an asset size of S$3.4 billion.
CMT invests primarily in quality income-producing retail properties in Singapore. Income is mainly derived from rental payments received from a diverse list of over 1,200 leases with local and international retailers. Our portfolio comprises nine quality retail malls which are spread across Singapore in the suburban and central areas. CMT also has a 27.2 percent stake in CapitaRetail Singapore Limited (CRS), a private retail property fund sponsored by CapitaLand Limited, through the Class E bonds issued by CRS. CRS owns three other suburban malls in Singapore.
CMT is a component of various key indices which include the Morgan Stanley Capital International, Inc (MSCI) Index, the FTSE European Public Real Estate Association (EPRA) / National Association of Real Estate Investment Trust (NAREIT) Global Real Estate Index, the Global Property Research (GPR) General Property Shares Index, the GPR 250 Global Property Shares Index, the GPR 250 Global REIT Index and the Straits Times Index.
CMT is managed by an external manager, CapitaMall Trust Management Limited, which is an indirect wholly-owned subsidiary of CapitaLand Limited, one of the largest listed real estate companies in Asia.