My previous analysis on CapitaLand Mall Trust (CMT) was on 9 July, let's review after the release of 2Q results on 22 July. Basic Profile & Key Statistics NAV has dropped around 4.5% from the previous quarter. TTM dividend yield also dropped, which is expected as DPU drop because of COVID.
Lease Profile Occupancy drop slightly to 97.7%. The highest least expiry increased to 33.3% which posts a concentrated lease expiry risk. WALE reduced to 2 years, it is still median for retail SREITs with Singapore properties.
Debt ProfileGearing ratio increased to 34.4%, but it is still healthy. Cost of debt reduced slightly to 3.1%. Fixed rate debt increase slightly to 51.5% and unsecured debt remain at 100%. Interest cover ratio reduced to 4.3 times, it is still healthy and higher than SREITs median level. WADE is long at 4.5 years where its highest debt...