Friday 23 October 2015

CapitaLand Mall Trust - CIMB Research 2015-10-22: New contributions from Bedok Mall from 4Q

CapitaLand Mall Trust - CIMB Research 2015-10-22: New contributions from Bedok Mall from 4QCAPITALAND 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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