OUR BUSINESS MODEL

The Manager is committed to creating and enhancing value for stakeholders. Our business model illustrates how we create value with our six key capitals1 through astute execution of our three growth strategies to drive business activities.

As a CapitaLand-sponsored REIT, CMT leverages CapitaLand's robust integrated retail real estate platform, combining the best of retail real estate management and capital management capabilities to support CMT's growth strategies. Our business model is illustrated below.

OUR KEY CAPITALS
FINANCIAL

We have an available pool of funds derived from proactive portfolio and capital management as well as a disciplined approach to investments to drive long term sustainable distribution growth.

ORGANISATIONAL

Our commitment to the highest level of corporate governance and transparency in our policies and processes, prudent risk management and ethical culture is core to our business.

MANUFACTURED

Our property portfolio is environmentally sustainable, healthy, safe and accessible. We adopt innovative and sustainable construction methods and technologies in development.

ENVIRONMENTAL

We consciously monitor our environmental impact to ensure commercial viability without compromising the environment for future generations.

HUMAN

The employees of the Manager and Property Managers are key to the business and their commitment contributes towards business growth.

SOCIAL AND RELATIONSHIP

Our stakeholders contribute to our business sustainability and strong and lasting partnerships with them are key to our mutual growth in the communities we operate in.

HOW WE CREATE VALUE
Proactive Portfolio Management

Driving intrinsic growth from the portfolio through active asset management and creative asset planning with the Property Managers to unlock potential value and deliver sustainable returns

  • Formulate and customise marketing and leasing strategies to drive healthy occupancies and rents
  • Optimise operational efficiency to control costs and drive income
  • Develop strategies that meet evolving retail trends by enhancing positioning, enriching experience, harnessing technology and curating new retail concepts
  • Deepen engagement with partners and stakeholder groups to effectively customise initiatives and programmes that strengthen the CMT brand
  • Undertake asset enhancement initiatives to improve space productivity and revenue
  • Identify divestment targets and redeploy the proceeds into high yielding opportunities
  • Expand focus on sustainability topics that impact the portfolio and the communities we operate in

Disciplined Portfolio Reconstitution

Identifying value-adding opportunities to promote growth and enhance the quality of the portfolio

Potential Opportunities

  • Acquisition and investment
  • Redevelopment of existing assets
  • Greenfield development

Key investment considerations

  • Potential for growth in yield
  • Potential for value creation
  • Sustainability in rental

Prudent Capital and Risk Management

Optimising returns to Unitholders while maintaining a strong capital base and credit rating to support growth

  • Undertake regular assessments of capital management policies to ensure flexibility and adaptability during volatile economic conditions and increased risk profile of CMT
  • Monitor exposures to various risk elements by closely adhering to well established management policies and procedures
  • Diversify sources of funding and actively review debt profile to manage refinancing risk

VALUE CREATED
FINANCIAL CAPITAL

Financial Highlights: Page 8 to 9

Financial Review: Page 116 to 119

Capital Management: Page: Page 120 to 123

Financial Statements: Page 157 to 249

ORGANISATIONAL CAPITAL

Corporate Governance: Page 32 to 63

Enterprise Risk Management: Page 64 to 69

Sustainability Management:Page 76 and 78

MANUFACTURED CAPITAL

Sustainability Management: Page 76 to 77, 86

ENVIRONMENTAL CAPITAL

Sustainability Management: Page 76, 79 to 85

HUMAN CAPITAL

Sustainability Management: Page 77, 86 to 90

SOCIAL AND RELATIONSHIP CAPITAL

Sustainability Management: Page 77, 91 to 93

1 With reference to The Guiding Principles of the International Integrated Reporting Council (IIRC) Framework.