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CONTENTS
OVERVIEW
02 2018 Highlights
03 Financial Highlights
04 Property Portfolio
05 2018 Initiatives
12 Board of Directors
13 Letter to Unitholders
16 Trust Structure
Organisation Structure
17 Value Creation
18 Financial and Trading Highlights
20 Salient Features of CMMT
21 Year in Brief
CORPORATE GOVERNANCE
& TRANSPARENCY
24 Board of Directors
28 Trust Management
30 Corporate Governance
55 Audit Committee Report
59 Statement on Risk Management
and Internal Control
62 Enterprise Risk Management
65 Investor & Media Relations
66 Unit Price Performance
SUSTAINABILITY
67 Sustainability Management
BUSINESS REVIEW
74 Operations Review
78 Financial Review
81 Capital Management
83 Independent Retail Market Overview
91 Marketing and Promotions
94 Property Summary
PORTFOLIO DETAILS
95 Gurney Plaza
98 Sungei Wang
101 3 Damansara & Tropicana City Office Tower
104 The Mines
106 East Coast Mall
FINANCIALS &
ADDITIONAL INFORMATION
108 Financial Statements
162 Statistics of Unitholders
166 Notice of Annual General Meeting
Proxy Form
Corporate Information
CORPORATE PROFILE
Listed on the Main Market of Bursa Malaysia
Securities Berhad (Bursa Malaysia) on
16 July 2010, CMMT is a shopping mall-
focused real estate investment trust (REIT)
in Malaysia with an income-producing,
geographically diversified portfolio of five
shopping malls and a complementary
office block.
As at 31 December 2018, CMMT had
a market capitalisation of approximately
RM2.1 billion and its portfolio was
independently valued at RM4.0 billion.
CMMT invests, on a long-term basis,
in income-producing real estate which is
primarily used for retail purposes and these
quality assets are strategically located in key
urban centres across Malaysia; Gurney Plaza
in Penang, three in Klang Valley – a majority
interest in Sungei Wang1 in Kuala Lumpur,
3 Damansara and Tropicana City Office
Tower in Petaling Jaya, The Mines in Seri
Kembangan and East Coast Mall in Kuantan,
Pahang. The portfolio has a total net lettable
area of over 2.9 million square feet (sq ft).
As at 31 December 2018, the total asset size
of CMMT is approximately RM4.1 billion.
CMMT is managed by CapitaLand Malaysia
Mall REIT Management Sdn. Bhd. (the
Manager) – a joint venture between
CapitaLand Limited, one of Asia’s largest
real estate companies headquartered and
listed in Singapore, and Malaysian Industrial
Development Finance Berhad (MIDF).
MTrustee Berhad (the Trustee) is the trustee
for CMMT.
1 CMMT’s interest in Sungei Wang comprises
(i) 205 strata parcels within the mall which represents
approximately 61.9% of the aggregate retail floor area of
Sungei Wang, and
(ii) 100.0% of the car park bays in Sungei Wang.
CapitaLand Malaysia Mall Trust
Annual Report 2018
01