CapitaMalls Malaysia Trust

CMMT records DPU of 2.00 Malaysian cents for Q2

CapitaMalls Malaysia Trust (CMMT) has recorded distribution per unit (DPU) of 2.00 Malaysian cents for the second quarter of this year from April 1 to June 30. This is 8.1 per cent higher than the forecast DPU of 1.85 Malaysian cents for the quarter and was achieved on the back of gross revenue of S$23.2 million (RM57.2 million). The annualised DPU of 8.02 Malaysian cents is 8.1 per cent above the...

CapitaMalls Malaysia REIT acquires Kuantan mall

CapitaMalls Malaysia Trust's manager CapitaMalls Malaysia REIT Management (CMRM) is acquiring a mall in Kuantan, Malaysia for RM310 million (S$126 million). Including the acquisition fee and expenses, the total acquisition cost for East Coast Mall works out to be RM330 million (S$134.1 million). The firm plans to fund the acquisition through a mix of debt and equity. Proceeds should come from a proposed...

CapitaMalls Malaysia’s Q3 distribution per unit at 0.66 cent

CapitaMalls Malaysia Trust (CMMT) said its distribution per unit (DPU) for the third quarter will be 0.66 Singapore cents. This is its first reported results since its listing in mid-July this year. CMMT said its distributable income came in at S$8.9 million for the quarter. Net property income amounted to S$12.7 million. With an annualised DPU of 3.04 Singapore cents, CMMT said it was on track to...

CapitaMalls Malaysia plans to acquire more shopping centres

Newly-listed CapitaMalls Malaysia Trust wants to ride on strong consumer spending in urban centres like the Malaysian capital Kuala Lumpur. It plans to acquire at least one or two more shopping malls in Kuala Lumpur and double its fund size to more than 4 billion ringgit, or nearly US$1.6 billion, in less than five years. Shopping is one of the favourite past times in the Malaysian capital and...

CMMT raised 785.2m ringgit in IPO, trading starts July 16

CapitaMalls Asia's Malaysian unit will begin trading on the main market of Bursa Malaysia Securities Friday. CapitaMalls Malaysia Trust, CMMT, raised some 785.2 million ringgit or about S$337.5 million in its initial public offering. It is the largest "pure-play" shopping mall reit in Malaysia by market capitalisation and property value. Upon listing, CMMT is expected to have a market capitalisation of...

CMMT lowers final IPO retail price

CapitaMalls Malaysia Trust, CMMT, a unit of Singapore-listed CapitaMalls Asia, is raising some 852 million ringgit (267 million US dollars) in its initial public offering, IPO. It has fixed its final price for institutional and cornerstone investors at one ringgit per share, while the final retail price is set at 98 sen per unit. The final price is lower than its previous indicative price of 1.08 ringgit...

Proposed divestment of Gurney Plaza Extension to CapitaMalls Asia

CapitaMalls Asia (CMA) is buying a Malaysian mall from an associate firm of Metro for S$91.5 million after the Metro unit exercised a put option. The move by Metro's Gurney Plaza requires CMA's CapitaRetail Gurney to buy the property called Gurney Plaza Extension. Located in Penang, Gurney Plaza Extension is a nine storey retail block. It is part of the Gurney Park development and has about 12,500...

CapitaMalls Malaysia Trust to raise US$308m through IPO

Malaysian retail investors can now own a piece of their favourite shopping malls with the planned listing of the country's first pure play shopping mall real estate investment trust. CapitaMalls Malaysia Trust, a unit of Singapore based CapitaMalls Asia, may raise up one billion ringgit (RM) - or US$308 million - through the initial public offering. It is one of the largest IPOs in South-east Asia this...

CMMT prices units at 1.08 ringgit

CapitaMalls Asia (CMA) said its Malaysian unit is launching its prospectus and retail offering on Monday. CapitaMalls Malaysia Trust or CMMT's final retail price will be the lower of its retail offer price of 1.08 ringgit per unit or the institutional price less a discount of 2 sen. At an indicative price of 1.08 ringgit, CMMT said the retail offer will provide a distribution yield of 6.9 per cent. This...

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