CapitaLand Retail China Trust Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016
January 26, 2017 at 06:36 am
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CapitaLand Retail China Trust reported unaudited earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported gross rental income was SGD 52,763,000 against SGD 52,258,000 a year ago. Net property income was SGD 34,779,000 against SGD 35,294,000 a year ago. Total return before taxation was SGD 48,034,000 against SGD 42,674,000 a year ago. Total return attributable to unitholders was SGD 33,956,000 against SGD 32,974,000 a year ago.
For the year, the company reported gross rental income was SGD 200,164,000 against SGD 206,919,000 a year ago. Net property income was SGD 139,738,000 against SGD 141,085,000 a year ago. Total return before taxation was SGD 145,648,000 against SGD 152,678,000 a year ago. Total return attributable to unitholders was SGD 106,614,000 against SGD 113,999,000 a year ago. Net cash from operating activities was SGD 44,730,000 against SGD 37,462,000 a year ago. Capital expenditure on investment properties was SGD 4,252,000 against SGD 6,528,000 a year ago. Purchase of plant and equipment was SGD 53,000 against SGD 215,000 a year ago.
CapitaLand China Trust is a Singapore-based real estate investment trust (REIT). The principal activities of the Trust are those relating to an investment in a diversified portfolio of income-producing properties located primarily in mainland China, Hong Kong and Macau and used primarily for retail, office and industrial purposes (including business parks, logistics facilities, data centers and integrated developments). Its portfolio constitutes approximately 10 shopping malls, five business parks and four logistics parks. The geographically diversified portfolio has a total gross floor area of approximately 1.9 million square meters (sq m), located across 12 Chinese cities. Its retail malls include CapitaMall Xizhimen, Rock Square, CapitaMall Wangjing, CapitaMall Grand Canyon, CapitaMall Xuefu, CapitaMall Xinnan, CapitaMall Nuohemule, CapitaMall Yuhuating, CapitaMall Aidemengdun and CapitaMall Qibao. Its investment manager is CapitaLand China Trust Management Limited.