Portfolio Overview

  • 16
     
    Number of Properties
  • > 2,900
    leases
    Extensive Network of Tenants
  • 346.3
    million
    Annual Shopper Traffic
  • 5.5
    million
    Sq ft NLA
  • 15
    years
    Track Record

Data as at 31 December 2017 (includes Sembawang Shopping Centre which has been divested on 18 June 2018).



Portfolio Lease Expiry Profile1

(As at 31 December 2017)

Our tenants typically have three-year lease terms. The portfolio lease expiry profile remained evenly spread out as at 31 December 2017, with 28.1% and 30.7% of the leases by gross rental income due for renewal in 2018 and 2019 respectively. The portfolio weighted average lease expiry by gross rental income was 1.9 years. For new leases in 2017, the weighted average lease expiry based on the date of commencement of the leases was 2.5 years and accounted for 33.1% of the leases by gross rental income.

Year Number of Leases % of Gross Rental Income2
2018 1,0173 28.1
2019 9323 30.7
2020 780 25.6
2021 136 8.1
2022 35 6.6
2023 and beyond 11 0.9
Total 2,911 100.0
Notes:
  1. Based on committed leases. Includes CMT's 40.00% interest in Raffles City Singapore (excluding hotel lease), CMT's 30.00% interest in Westgate and excludes Funan which was closed on 1 July 2016 for redevelopment.
  2. Based on the month in which the lease expires and excludes gross turnover rent.
  3. Of which 871 leases are retail leases.


Portfolio Lease Expiry Profile for 20181

(As at 31 December 2017)
Property Number of Leases % of Property NLA2 % of Property Income3
Tampines Mall 68 24.4 29.9
Junction 8 49 13.6 22.5
IMM Building4 244 29.8 41.3
Plaza Singapura 85 22.1 27.9
Bugis Junction 56 16.0 18.8
Raffles City Singapore4 64 12.2 17.6
Lot One Shoppers' Mall 56 59.5 44.0
Bukit Panjang Plaza 43 44.9 44.8
The Atrium@Orchard4 34 10.5 18.7
Clarke Quay 19 17.2 21.2
Bugis+ 39 38.4 38.4
Westgate 78 27.7 23.5
Bedok Mall 35 17.9 17.0
Other assets5 147 34.4 44.8
CMT Portfolio 1,0176 23.9 28.1
Notes:
  1. Based on committed leases. Includes CMT's 40.00% interest in Raffles City Singapore (excluding hotel lease), CMT's 30.00% interest in Westgate and excludes Funan which was closed on 1 July 2016 for redevelopment.
  2. As a percentage of NLA for each respective property as at 31 December 2017.
  3. As a percentage of gross rental income for each respective property and excludes gross turnover rent.
  4. Includes non-retail leases for IMM Building, Raffles City Singapore and The Atrium@Orchard.
  5. Includes Sembawang Shopping Centre and JCube.
  6. Of which 871 leases are retail leases.

10 Largest Tenants of CMT1

(As at 31 December 2017)

CMT's gross rental income is well distributed within its portfolio of about 2,900 leases. As at 31 December 2017, no single tenant contributed more than 4.0% of the total gross rental income. Collectively, the 10 largest tenants accounted for about 19.7% of the total gross rental income.

Tenant Trade Sector % of Gross Rental Income2
RC Hotels (Pte.) Ltd. Hotel 3.2
Temasek Holdings (Private) Limited Office 2.7
Cold Storage Singapore (1983) Pte Ltd Supermarket / Beauty & Health / Services / Warehouse 2.6
Robinson & Company (Singapore) Private Limited Department Store / Beauty & Health 2.1
NTUC Enterprise Supermarket / Beauty & Health / Services 2.1
BHG (Singapore) Pte. Ltd. Department Store 1.7
Wing Tai Retail Management Pte. Ltd. Fashion / Sporting Goods 1.5
Auric Pacific Group Limited Food & Beverage 1.4
BreadTalk Pte Ltd Food & Beverage 1.2
Isetan (Singapore) Limited Department Store / Supermarket 1.2
Total   19.7
Notes:
  1. Includes CMT's 40.00% interest in Raffles City Singapore, CMT's 30.00% interest in Westgate and excludes Funan which was closed on 1 July 2016 for redevelopment.
  2. Based on gross rental income for the month of December 2017 and excludes gross turnover rent.

Trade Sector Analysis

CMT's portfolio is well diversified and leverages on many different trade sectors for rental income. As at 31 December 2017, Food & Beverage (F&B) remained the largest contributor to gross rental income at 31.0% of the total portfolio. Fashion remained the second largest contributor to gross rental income at 12.4%.

Approximately 80.0% of CMT's malls in the portfolio caters to the necessity shopping segment, in terms of gross revenue and asset valuation.

Breakdown of CMT Portfolio1 by Trade Sector


(As at 31 December 2017)
% of Gross Rental Income2
Food & Beverage 31.0
Fashion 12.4
Beauty & Health 11.4
Department Store 6.3
Gifts & Souvenirs / Toys & Hobbies / Books & Stationery / Sporting Goods 5.1
Leisure & Entertainment / Music & Video3 4.6
Services 4.3
Supermarket 4.3
Shoes & Bags 4.2
Office 3.2
Information Technology & Telecommunications 3.1
Home Furinishing 2.6
Jewellery & Watches 2.4
Electrical & Electronics 1.6
Education 1.5
Warehouse 1.4
Others4 0.6
Total 100.0
Notes:
  1. Includes CMT's 40.00% interest in Raffles City Singapore (excluding hotel lease), CMT's 30.00% interest in Westgate and excludes Funan which was closed on 1 July 2016 for redevelopment.
  2. Excludes gross turnover rent.
  3. Includes tenants approved as thematic dining, entertainment and a performance centre in Bugis+.
  4. Others include Art Gallery and Luxury.