Capitaland Mall Trust (CMT)

CapitaLand Mall Trust posts 3Q DPU increase 5% to 2.92 cents
SINGAPORE (Oct 25): The manager of CapitaLand Mall Trust (CMT) has announced a 3Q18 DPU of 2.92 cents, 5% higher compared to the DPU of 2.78 cents declared for 3Q17. This came on the back of a 4.9% rise in 3Q18 distributable income to unitholders to $103.5 million from $98.7 million last year. For the 9M18, DPU came in at 8.51 cents, 3.0% higher than 8.26 cents in 9M17. Gross revenue for ...
Liquidation of Newstead to have minimal impact on REITs
SINGAPORE (Oct 10): CGS-CIMB Securities continues to rate Singapore REITs as “overweight” following media reports that home-grown electronics retailer Newstead Technologies is currently in liquidation. The retailer that also operated DigitalStyle, Nubox and @ notebook.com has stores located in Nex, Sim Lim Square, Suntec City, Marina Square, Bedok Mall, City Square Mall, Raffles City, ...
CapitaLand Mall Trust's AEI positives have been priced in with limited catalysts in sight: CGS-CIMB
SINGAPORE (Oct 1): CGS-CIMB Research is maintaining “hold” on CapitaLand Mall Trust (CMT) with an unchanged target price of $2.21, as it sees limited catalysts from the stock after factoring in expected contributions from the new Funan DigitaLife Mall, which is expected to open in 2Q19. The research house is nonetheless positive on the trust’s prospects with Funan after attending the ...
Funan to open Singapore's first O&O shopping mall ahead of schedule in 2Q19
SINGAPORE (Sept 28): CapitaLand Mall Trust (CMT) on Friday announced that Funan will be opening Singapore’s first online-and-offline (O&O) shopping mall and its office components in 2Q19 instead of 3Q19 as scheduled. See: CapitaLand and WeWork co-create office of the future at Funan The O&O shopping mall will integrate online, offline, data and logistics to empower retailers’ ...
Prospects of record DPUs could trigger CapitaLand Mall Trust rerating
SINGAPORE (Sept 10): CapitaLand Mall Trust (CMT) has been a safe harbour for investors and is starting to emerge as a growth play. And as the retail sector bottoms out, 2019 could be a chance for CMT to shine as full contributions from Westgate and the return of Funan takes DPU back on a multi-year growth path. In a Monday report, DBS Group Research says CMT’s share price should re-rate ...
1 Tengah town, 2nd CBD, 3 MRT lines behind CMT's Westgate buy
SINGAPORE (Aug 28): Capitaland Mall Trust (CMT) announced it was acquiring the balance 70% of the units in Infinity Mall Trust (IMT) which holds Westgate mall. See: CapitaLand Mall Trust to acquire remaining 70% stake in Westgate for $790 mil CMT says the acquisition will increase exposure to the Jurong Lake District which is slated to be the second central business district in ...
CapitaLand Mall Trust to acquire remaining 70% stake in Westgate for $790 mil
SINGAPORE (Aug 27): CapitaLand Mall Trust (CMT) is acquiring the remaining 70% stake in Westgate mall for $789.6 million from controlling unitholder CapitaLand. Including acquisition-related expenses, CMT’s total acquisition outlay is estimated at $805.5 million. The acquisition is based on an agreed market value of Westgate at $1.13 billion ($2,746 psf). Upon completion of the proposed ...
After a steady 2Q, will CapitaLand Mall Trust still have room to run?
SINGAPORE (July 23): OCBC Investment Research and CGS-CIMB Securities have downgraded their ratings on CapitaLand Mall Trust (CMT) to “hold” from “buy” and “add” previously after the trust’s 2Q18 results came in line with both research houses’ expectations. While OCBC has revised its fair value estimate down to $2.10 from $2.26 after lowering its terminal growth rate assumption ...
CapitaLand Mall Trust reports 2.2% higher 2Q18 DPU of 2.81 cents
SINGAPORE (July 20): The manager of CapitaLand Mall Trust (CMT) has achieved a distribution per unit (DPU) of 5.59 cents for 1H18, an increase of 2.0% over the DPU of 5.48 cents for 1H17. This follows the announcement of a 2Q18 DPU of 2.81 cents, up 2.2% from a year ago. For the 2Q18 ended June, distributable income came in at $100 million, an increase of 2.9% over the $97.2 million for the ...
Why challenges remain for CapitaLand Mall Trust despite recent positives
SINGAPORE (Apr 23): RHB, Phillip Capital, UOB and Maybank are keeping their “hold" calls on CapitaLand Mall Trust (CMT) at target prices of $2.10, $2.05, $2.13 and $2.10, respectively.   On the other hand, DBS, OCBC and CIMB are maintaining their “buy” calls on CMT with respective price targets of $2.11, $2.26 and $2.25. This comes after the REIT manager last week declared a ...