CapitaLand Mall Trust - CIMB Research 2015-10-22: New contributions from Bedok Mall from 4Q
CAPITALAND MALL TRUST C38U.SI CapitaLand Mall Trust - New contributions from Bedok Mall from 4Q
- 3Q top line affected by ongoing AEI works and lower occupancy, offset by lower operating expenses and reduced interest charges.
- Portfolio occupancy dipped to 96.8% on enhancement works.
- Shopper traffic and tenant sales growth produced a stronger showing in 3Q.
- New contributions to be felt from Bedok Mall; recent divestment of Rivervale Mall improves financial flexibility.
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