CapitaLand Limited FY2013 Results
CapitaMalls Asia
ā China: Strong Growth in NPI Yields of
Operational Malls
Total tenants' sales growth of +13.2% and +10.1% on psm basis
Year of
Opening
Number
Cost
(100%
NPI Yield on Cost (%)
Effective
(100% basis)
Yield
Improvement
Tenants' Sales
(psm) Growth'
of Malls
basis)
Stake
FY
FY
FY 2013
(RMB bil)
2013
2012
vs. FY 2012
FY 2013
vs. FY 2012
20052
4
1,214
57.9%
5.5
5.1
+7.3%
+9.4%
20063
8
2,990
43.5%
9.8
8.8
+10.9%
+4.0%
2007
2
1,829
28.5%
9.9
9.4
+4.8%
+11.0%
2008
5
2,951
32.4%
7.7
6.7
+14.6%
+16.6%
2009
8
3,933
26.6%
8.1
6.8
+18.5%
+9.5%
2010
6
2,512
41.8%
4.0
3.4
+18.4%
+9.2%
2011
3
9,234
65.0%
4.4
3.9
+15.4%
+18.5%
YTD Dec 2013
NPI Yield on Cost
China Portfolio4
7.1%
Gross Yield on Cost
12.1%
(1) Tenants' sales are on a same-mall basis (100%) and exclude sales from supermarkets and department stores.
(2) Excludes Raffles City Shanghai.
(3) Excludes malls under or previously under master lease, namely, CapitaMall Shuangjing, CapitaMall Anzhen, CapitaMall Erqi and CapitaMall Saihan.
(4) For property components that were opened before 1 Jan 2012.
43
CapitaLand Limited FY 2013 Results
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