Shares & Derivatives
8 things I learned from the 2018 CapitaLand Mall Trust AGM
By The Fifth Person  •  April 23, 2018
CapitaLand Mall Trust (CMT) is the largest retail REIT in Singapore. It owns/co-owns 16 retail malls in Singapore, many of which are familiar to locals including Plaza Singapura, Junction 8, Bugis Junction, Bugis+, Bedok Mall, and Tampines Mall. As at 31 December 2017, CMT’s property portfolio is valued at $8.7 billion. Since it first listed in 2002, CMT has always been the ‘preeminent’ retail REIT in Singapore with its high-quality malls in great locations around Singapore. I attended the CMT’s annual meeting to evaluate its past year’s performance and its outlook ahead. Here are eight things I learned from the 2018 CapitaLand Mall Trust AGM: 1. Gross revenue fell 1.5% year-on-year to $795.4 million and net property income (NPI) remained flat at $563.0 million. CEO Tony Tan cited a stable set of results despite the tough retail environment and the closure of Funan mall for redevelopment ......
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By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
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