Portfolio Overview

  • 15
     
    Number of Properties
  • > 3,000
    leases
    Extensive Network of Tenants
  • 342.8
    million
    Annual Shopper Traffic

Data as at 31 December 2019 (includes Sembawang Shopping Centre which has been divested on 18 June 2019).



Portfolio Lease Expiry Profile1

(As at 31 December 2019)

Our tenants typically have three-year lease terms. The portfolio lease expiry profile remained evenly spread out as at 31 December 2019, with 21.3% and 28.0% of the leases by gross rental income due for renewal in 2020 and 2021 respectively. The portfolio weighted average lease expiry by gross rental income was 2.1 years. For new leases in 2019, the weighted average lease expiry based on the date of commencement of the leases was 2.7 years and accounted for 36.9% of the leases by gross rental income.

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Year Number of Leases % of Gross Rental Income2
2020 813 21.3
2021 925 28.0
2022 972 32.0
2023 227 9.6
2024 53 6.3
2025 and beyond 30 2.8
Total 3,0203 100.0
Notes:
  1. Based on committed leases. Includes CMT's 40.00% interest in Raffles City Singapore (excluding hotel lease).
  2. Based on the month in which the lease expires and excludes gross turnover rent.
  3. Of which 2,614 leases are retail leases.


Portfolio Lease Expiry Profile for 20201

(As at 31 December 2019)
Property Number of Leases % of Property NLA2 % of Property Rental Income3
Tampines Mall 35 26.6 23.7
Junction 8 37 16.4 16.9
Funan4 19 2.6 2.4
IMM Building5 185 23.9 24.0
Plaza Singapura 68 34.5 30.3
Bugis Junction 57 18.9 20.8
Raffles City Singapore5 65 21.0 19.3
Lot One Shoppers' Mall 57 19.6 28.8
The Atrium@Orchard5 24 10.7 14.8
Clarke Quay 9 13.6 14.0
Bugis+ 13 11.9 14.1
Bedok Mall 63 22.9 25.9
Westgate 73 30.7 28.8
Other assets6 108 19.7 26.0
CMT Portfolio 8137 20.1 21.3
Notes:
  1. Based on committed leases. Includes CMT's 40.00% interest in Raffles City Singapore (excluding hotel lease).
  2. As a percentage of NLA for each respective property as at 31 December 2019.
  3. As a percentage of gross rental income for each respective property and excludes gross turnover rent.
  4. Funan reopened in June 2019 after a three-year redevelopment and includes both office and retail leases.
  5. Includes non-retail leases for IMM Building, Raffles City Singapore and The Atrium@Orchard.
  6. Includes JCube and Bukit Panjang Plaza.
  7. Of which 691 leases are retail leases.

10 Largest Tenants of CMT1

(As at 31 December 2019)

CMT's gross rental income is well distributed within its portfolio of more than 3,000 leases. As at 31 December 2019, no single tenant contributed more than 4.0% of the total gross rental income. Collectively, the 10 largest tenants accounted for about 22.1% of the total gross rental income.

Tenant Trade Sector % of Gross Rental Income1
RC Hotels (Pte.) Ltd. Hotel 3.2
NTUC Enterprise Supermarket / Beauty & Health / Services/ Food & Beverage / Education / Warehouse 3.2
Temasek Holdings (Private) Limited Office 2.8
Al-Futtaim Group Department Store / Fashion / Beauty & Health / Sporting Goods 2.7
BreadTalk Group Limited Food & Beverage 2.5
Cold Storage Singapore (1983) Pte Ltd Supermarket / Beauty & Health / Services / Warehouse 2.4
BHG (Singapore) Pte. Ltd. Department Store 1.7
Golden Village Multiplex Pte. Ltd. Leisure & Entertainment 1.2
Wing Tai Retail Management Pte. Ltd. Fashion / Sporting Goods / Shoes & Bags 1.2
Isetan (Singapore) Limited Department Store 1.2
Total   22.1
Notes:
  1. Based on gross rental income for the month of December 2019 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 2019, Food & Beverage (F&B) remained the largest contributor to gross rental income at 31.1% of the total portfolio, while Beauty & Health is the second largest contributor to gross rental income at 11.7%. CMT's portfolio has a relatively balanced mix of downtown and suburban malls based on gross revenue and asset valuation.

Breakdown of CMT Portfolio1 by Trade Sector
(% of Gross Rental Income2)


(As at 31 December 2019)

Notes:
  1. Includes CMT's 40.00% interest in Raffles City Singapore (retail only) and Funan (which was closed on 1 July 2016 for redevelopment and reopened in June 2019).
  2. 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.