Portfolio Overview

  • 16
     
    Number of Properties
  • > 2,900
    leases
    Extensive Network of Tenants
  • 347.4
    million
    Annual Shopper Traffic
  • 5.8
    million
    Sq ft NLA
  • 14
    years
    Track Record

Data as at 31 December 2016.



Portfolio Lease Expiry Profile1

(As at 31 December 2016)

Our tenants typically have three-year lease terms. The portfolio lease expiry profile remained evenly spread out as at 31 December 2016, with 25.6% and 29.0% of the leases by gross rental income due for renewal in 2017 and 2018 respectively. The portfolio weighted average lease expiry by gross rental income was 2.0 years. For new leases in 2016, the weighted average lease expiry based on the date of commencement of the leases was 2.9 years and accounted for 29.3% of the leases by gross rental income.

Year Number of Leases % of Gross Rental Income2
2017 9223 25.6
2018 919 29.0
2019 838 29.2
2020 174 8.1
2021 34 2.8
2022 and beyond 26 5.3
Total 2,913 100.0
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 799 leases are retail leases.

10 Largest Tenants of CMT1

(As at 31 December 2016)

CMT's gross rental income is well distributed within its portfolio of more than 2,900 leases. As at 31 December 2016, 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 2.6
Cold Storage Singapore (1983) Pte Ltd Supermarket / Beauty & Health / Services / Warehouse 2.5
Robinson & Co. (Singapore) Pte Ltd Department Store / Beauty & Health 2.5
NTUC Enterprise Supermarket / Beauty & Health / Food & Beverage / Services 2.0
Wing Tai Clothing Pte Ltd Fashion / Sporting Goods 1.6
BHG (Singapore) Pte. Ltd Department Store 1.6
Auric Pacific Group Limited Food & Beverage 1.3
Isetan (Singapore) Limited Department Store / Supermarket 1.2
BreadTalk Pte Ltd Food & Beverage 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 2016 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 2016, Food & Beverage (F&B) remained the largest contributor to gross rental income at 30.0% of the total portfolio. Fashion remained the second largest contributor to gross rental income at 13.4%.

Approximately 80.0% of CMT's properties 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 2016)
% of Gross Rental Income2
Food & Beverage 30.0
Fashion 13.4
Beauty & Health 10.8
Services 6.4
Department Store 6.1
Gifts & Souvenirs / Toys & Hobbies / Books & Stationery / Sporting Goods 5.4
Leisure & Entertainment / Music & Video3 4.6
Shoes & Bags 4.3
Supermarket 4.1
Office 3.1
Jewellery & Watches 2.7
Home Furinishing 2.6
Electrical & Electronics 1.8
Education 1.4
Warehouse 1.4
Information Technology 1.2
Others4 0.7
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.