Portfolio Overview

  • 16
     
    Number of Properties
  • ~ 3,100
    leases
    Extensive Network of Tenants
  • 348.0
    million
    Annual Shopper Traffic
  • S$11.1  
    billion
    Total Deposited Property

Data as at 31 December 2015.
Annual Shopper Traffic was for the year ended 31 December 2015.



Portfolio Lease Expiry Profile1

(As at 31 December 2015)

Our tenants typically have three-year lease terms. The portfolio lease expiry profile remained evenly spread out as at 31 December 2015, with 24.7% and 30.3% of the leases by gross rental income due for renewal in 2016 and 2017 respectively. The portfolio weighted average lease expiry by gross rental income was 2.1 years. For new leases in 2015, the weighted average lease expiry based on the date of commencement of the leases was 2.7 years and accounted for 33.7% of the leases by gross rental income.

Year Number of Leases % of Gross Rental Income2
2016 9373 24.7
2017 1,030 30.3
2018 926 28.6
2019 135 8.1
2020 and beyond 58 8.3
Total 3,086 100.0
Notes:
  1. Based on committed leases. Includes CMT's 40.00% interest in Raffles City Singapore (excluding hotel lease) and CMT's 30.00% interest in Westgate.
  2. Based on the month in which the lease expires and excludes gross turnover rent.
  3. Of which 798 leases are retail leases.

10 Largest Tenants of CMT1

(As at 31 December 2015)

CMT's gross rental income is well distributed within its portfolio of close to 3,100 leases. As at 31 December 2015, no single tenant contributed more than 4.0% of the total gross rental income. Collectively, the 10 largest tenants accounted for about 19.8% of the total gross rental income.

Tenant Trade Sector % of Gross Rental Income2
RC Hotels (Pte) Ltd Hotel 3.1
Cold Storage Singapore (1983) Pte Ltd Supermarket / Beauty & Health / Services / Warehouse 2.6
Temasek Holdings (Private) Limited Office 2.4
Robinson & Co. (Singapore) Pte Ltd Department Store / Beauty & Health 2.4
Wing Tai Clothing Pte Ltd Food & Beverage / Fashion / Sporting Goods 2.0
NTUC Enterprise Supermarket / Beauty & Health / Food & Beverage / Services 1.9
Auric Pacific Group Limited Food & Beverage 1.6
BHG (Singapore) Pte. Ltd Department Store 1.5
Jay Gee Enterprises (Pte.) Ltd Fashion / Beauty & Health / Sporting Goods / Shoes & Bags 1.2
BreadTalk Pte Ltd Food & Beverage 1.1
Total   19.8
Notes:
  1. Includes CMT's 40.00% interest in Raffles City Singapore and CMT's 30.00% interest in Westgate.
  2. Based on actual gross rental income for the month of December 2015 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 2015, Food & Beverage (F&B) remained the largest contributor to gross rental income at 29.0% of the total portfolio. Fashion remained the second largest contributor to gross rental income at 14.1%.

Approximately 75.0% 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 2015)
% of Gross Rental Income2
Food & Beverage 29.0
Fashion 14.1
Beauty & Health 10.4
Services 6.8
Department Store 5.6
Gifts & Souvenirs / Toys & Hobbies / Books & Stationery / Sporting Goods 5.2
Shoes & Bags 4.6
Leisure & Entertainment / Music & Video3 4.4
Supermarket 3.9
Office 3.1
Jewellery & Watches 2.6
Home Furinishing 2.5
Information Technology 2.3
Electrical & Electronics 2.2
Education 1.3
Warehouse 1.3
Others4 0.7
Total 100.0
Notes:
  1. Includes CMT's 40.00% interest in Raffles City Singapore (excluding hotel lease) and CMT's 30.00% interest in Westgate.
  2. Based on actual gross rental income for the month of December 2015 and 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.