Malaysian REITs have endured a stormy period in the past 2-3 months since February due to the election fever, rising interest rates, and uncertainty in the global economy. Share prices of almost all Malaysian REITs have dropped around 20% to 40% from their peak last year — especially retail REITs which face intense competition from new malls. CapitaLand Malaysia Mall Trust (CMMT) is one of the hardest hit as its share price fell 46% from a high of RM1.83 to a low of RM0.98. CMMT’s share price has rebounded slightly and is at RM1.08 as at 5 April 2018.
With this in mind, we attended the 2018 AGM to find out more about the management’s plan to weather the storm and continue paying sustainable distributions to CMMT unitholders. Here are 10 things we learned from the 2018 CapitaLand Malaysia Mall Trust AGM:
1. Revenue decreased slightly from ......
