CapitaMall Trust (CMT ) is the first Real Estate Investment Trust (REIT ) listed on Singapore Exchange Securities Trading Limited (SGX -ST ) in July 2002. CMT is also the largest REIT by market capitalisation and asset size in Singapore, with a market capitalisation and asset size of approximately S$6.0 billion and S$9.7 billion respectively as at 31 March 2012.
CMT owns and invests in quality income-producing assets which are used, or predominantly used, for retail purposes primarily in Singapore. As at 31 March 2012, CMT’s portfolio comprised a diverse list of close to 2,500 leases with local and international retailers and achieved an average committed occupancy of 96.4%. CMT’s portfolio comprises 16 quality retail properties which are strategically located in the suburban areas and downtown core of Singapore - Tampines Mall, Junction 8, Funan DigitaLife Mall, IMM Building, Plaza Singapura, Bugis Junction, Sembawang Shopping Centre, JCube, Hougang Plaza, Raffles City Singapore (40.0% interest), Lot One Shoppers’ Mall, Bukit Panjang Plaza (90 out of 91 strata lots), Rivervale Mall, The Atrium@Orchard, Clarke Quay and Bugis+ (formerly known as Iluma).
In May 2011, CMT took a 30.0% stake in a joint venture to develop a prime land parcel at Jurong Gateway, marking its first foray into greenfield developments.
CMT also owns approximately 16.38% stake in CapitaRetail China Trust, the first China shopping mall REIT listed on the SGX-ST in December 2006, sponsored by CapitaMalls Asia Limited, one of Asia’s largest listed shopping mall owners, developers and managers.
CMT has been assigned an ‘A2’ rating by Moody’s Investors Service. The ‘A2’ rating is the highest rating assigned to a Singapore REIT. CMT is the only REIT constituent of the Straits Times (ST) Index and is also a constituent of various key global indices which include the FTSE4Good Global Index, FTSE/ASEAN Index, FTSE European Public Real Estate Association (EPRA)/National Association of Real Estate Investment Trusts (NAREIT) Global Real Estate Index, FTSE ST Index and its subindices, Global Property Research (GPR) General Index and its sub-indices, GPR 250 Index and its sub-indices, GPR 250 REIT Index and its sub-indices, Morgan Stanley Capital International (MSCI) Singapore Standard, MSCI World Standard Index, Standard and Poors (S&P) BMI Global Index, S&P Global Property and S&P Global REIT Index.
CMT is managed by an external manager, CapitaMall Trust Management Limited, which is a wholly-owned subsidiary of CapitaMalls Asia Limited. Website: CapitaMall Trust