CAPITALAND CHINA TRUST Item No. | Description | Page No. |
- | Summary of CRCT Results | 2 |
- | Introduction | 3 |
1(a) | Statement of Total Return and Distribution Statement | 4 - 7 |
1(b)(i) | Statement of Financial Position | 8 |
1(b)(ii) | Aggregate Amount of Borrowings and Debt Securities | 9 |
1(c)(i) | Use of proceeds raised pursuant to Chapter 8 of the Listing Manual | 9 |
1(c)(ii) | Statement of Cash Flows | 10 - 11 |
1(d)(i) | Statement of Movements in Unitholders' funds | 12 - 13 |
1(d)(ii) | Details of Any Change in the Units | 14 |
2 & 3 | Audit Statement | 14 |
4 & 5 | Changes in Accounting Policies | 15 |
6 | Earnings Per Unit ("EPU") and Distribution Per Unit ("DPU") | 15 - 16 |
7 | Net Asset Value ("NAV") and Net Tangible Asset ("NTA") Per Unit | 16 |
8 | Review of the Performance | 16 - 18 |
9 | Variance from Previous Forecast / Prospect Statement | 18 |
10 | Outlook and Prospects | 18 - 19 |
11 & 12 | Distribution | 19 |
13 | Interested Person Transactions Mandate | 20 |
14 | Confirmation Pursuant to Rule 720(1) of the Listing Manual | 20 |
15 | Confirmation Pursuant to Rule 705(5) of the Listing Manual | 20 |
3Q 2017 | 3Q 2016 | YTD 2017 | YTD 2016 | |||
Actual S$'000 | Actual S$'000 | Change % | Actual S$'000 | Actual S$'000 | Change % | |
Gross Revenue3 | 55,989 | 50,606 | 10.6 | 175,083 | 157,676 | 11.0 |
Net Property Income3 | 35,951 | 32,766 | 9.7 | 116,225 | 104,959 | 10.7 |
Income available for distribution | 21,409 | 20,550 | 4.2 | 69,101 | 66,109 | 4.5 |
Distribution Per Unit ("DPU") (cents) | ||||||
For the period | 2.37 | 2.36 | 0.4 | 7.73 | 7.68 | 0.7 |
Annualised | 9.40 | 9.39 | 0.1 | 10.33 | 10.26 | 0.7 |
3Q 2017 | 3Q 2016 | YTD 2017 | YTD 2016 | |||
Actual RMB'000 | Actual RMB'000 | Change % | Actual RMB'000 | Actual RMB'000 | Change % | |
Gross Revenue | 274,959 | 248,788 | 10.5 | 857,354 | 752,053 | 14.0 |
Net Property Income | 176,570 | 161,283 | 9.5 | 569,126 | 500,614 | 13.7 |
Footnotes:
The financial results include contribution from CapitaMall Xinnan which was acquired on 30 September 2016.
The financial results exclude CapitaMall Anzhen with effect from 1 July 2017 following the announcement on 27 July 2017 of the disposal of equity interest in CapitaRetail Beijing Anzhen Real Estate Co., Ltd ("Anzhen SPV") which holds CapitaMall Anzhen.
Average exchange rate for SGD/RMB
3Q 2017 | 3Q 2016 | Change % | YTD 2017 | YTD 2016 | Change % |
0.204 | 0.203 | 0.5 | 0.204 | 0.210 | (2.9) |
CapitaLand Retail China Trust ("CRCT") was constituted as a private trust on 23 October 2006 under a trust deed entered into between CapitaLand Retail China Trust Management Limited (as manager of CRCT) (the "Manager") and HSBC Institutional Trust Services (Singapore) Limited (as trustee of CRCT) (the "Trustee"), and listed on the Singapore Exchange Securities Trading Limited ("SGX-ST") on 8 December 2006.
CRCT is a Singapore-based real estate investment trust ("REIT") constituted with the investment objective of investing on a long term basis in real estate used primarily for retail purposes and located primarily in China, Hong Kong and Macau.
As at 30 September 2017, CRCT owns and invests in a portfolio of 101 shopping malls located in seven cities in China. The properties are CapitaMall Xizhimen, CapitaMall Wangjing, CapitaMall Grand Canyon and CapitaMall Shuangjing in Beijing; CapitaMall Xinnan in Chengdu; CapitaMall Qibao in Shanghai; CapitaMall Erqi in Zhengzhou; CapitaMall Saihan in Huhhot; CapitaMall Minzhongleyuan in Wuhan; and CapitaMall Wuhu in Wuhu in which CRCT has a 51% interest.
Footnote:
1. Excludes CapitaMall Anzhen following the announcement on 27 July 2017 of the disposal of equity interest in Anzhen SPV which holds CapitaMall Anzhen.
1(a)(i) Statement of total return for the Group (3Q 2017 vs 3Q 2016)Group | ||
3Q 2017 | 3Q 2016 | % |
S$'000 | S$'000 | Change |
51,395 | 47,010 | 9.3 |
4,594 | 3,596 | 27.8 |
55,989 | 50,606 | 10.6 |
(1,479) | (1,376) | 7.5 |
(5,776) | (5,098) | 13.3 |
(294) | (185) | 58.9 |
(3,409) | (2,998) | 13.7 |
(9,080) | (8,183) | 11.0 |
(20,038) | (17,840) | 12.3 |
35,951 | 32,766 | 9.7 |
(1,751) | (1,510) | 16.0 |
(1,445) | (1,317) | 9.7 |
(108) | (99) | 9.1 |
(107) | (109) | ( 1.8) |
(56) | (52) | 7.7 |
279 | (299) | N.M. |
597 | 333 | 79.3 |
(32) | (303) | (89.4) |
(5,772) | (5,033) | 14.7 |
27,556 | 24,377 | 13.0 |
52,227 | - | N.M. |
1,273 | 809 | 57.4 |
81,056 | 25,186 | N.M. |
(24,879) | (7,102) | N.M. |
56,177 | 18,084 | N.M. |
56,162 | 18,213 | N.M. |
15 | (129) | N.M. |
56,177 | 18,084 | N.M. |
Gross rental income Other income1 Gross revenue Land rental Property related tax Business tax
Property management fees2
Other property operating expenses3 Total property operating expenses Net property income
Manager's management fees - Base fee Manager's management fees - Performance fee Trustee's fees
Audit fees Valuation fees
Other trust operating income/(expenses)4 Finance income5
Foreign exchange loss - realised6 Finance costs
Total return before changes in fair value of financial derivatives, investment properties and unrealised foreign exchange gainGain on disposal of subsidiary7 Foreign exchange gain - unrealised Total return before taxation
Taxation8
Total return for the period after taxation Attributable to: UnitholdersNon-controlling interest
Total return for the period after taxationCapitaLand Retail China Trust published this content on 23 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 23 October 2017 10:16:06 UTC.
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