How is CapitaLand Limited related to CMT?
CapitaLand Limited held, through its subsidiaries, about 27.69% stake in CMT as at 31 December 2014.
What is CapitaLand Limited's rationale for holding a stake in CMT?
To demonstrate its commitment to CMT, CapitaLand Limited has retained its stake in CMT.
How many Unitholders does CMT have and who are the top ones?
Approximately 16,000 registered Unitholders owned CMT units as at 31 December 2014 and about 55.52% of the units were held by institutional investors. Retail investors held another 16.79% of the units in issue. More information on the substantial Unitholders can be found on this page
What is the investment strategy of CMT?
The Manager of CMT employs its established strategies to achieve its mission of delivering stable distributions to CMT's Unitholders.
Will CMT consider development projects?
Under the MAS REIT Guidelines, not more than 10% of the REIT's assets should be tied up in property development activities or investments in uncompleted property developments. As at 31 December 2014, CMT has an asset size of S$10.9 billion which gives it the flexibility to invest about S$1.1 billion in development projects.
In May 2011, CMT took a 30.0% stake in a joint venture to develop a prime land parcel at Jurong Gateway, marking its first foray into greenfield developments and offering CMT a new avenue of growth. The mall opened on 2 December 2013.
Does CMT have plans to make overseas acquisitions?
The Manager currently remains focused on the Singapore retail market and has no plans to venture overseas for acquisitions.
What is CMT's distribution policy?
CMT is committed to distribute 100% of its taxable income on yearly basis.
How often does CMT pay distributions?
CMT usually pays distributions every quarter.
How often does CMT revalue its property portfolio?
The Manager of CMT usually revalues its property portfolio twice a year.
What are the fees payable by CMT?
Fees payable by CMT are as follows:
Asset management fee: Comprises base fee of 0.25% per annum of Deposited Property and a performance fee of 2.85% per annum of gross revenue.
Property management fee payable to the property manager: 2.00% per annum of the gross revenue of the properties and 2.50% per annum of the net property income of the properties.
Trustee's fee - a maximum of 0.10% per annum of the Deposited Property (subject to a minimum sum of S$6,000 per month).