Operational Statistics Presentation
Appendix (B): Operational Statistics by SBUS
China Retail - Focused on Tier 1 And Selected
Core Tier 2 Cities
CapitaLand
NPI yield
Number of
Cost
on cost
Change in Yield
City tier
operating
(100% basis)
Change in Tenants'
sales (psm)
(100% basis)
malls
(RMB billion)
FY 2020
FY 2019
FY 2020 vs. FY 2019
Tier 1
18
54.1
6.1%
7.0%
-12.9%
-23.4%
Tier 2 & others²
22
37.4
4.6%
5.4%
-14.8%
-19.7%
FY 2020
NPI yield on cost
Gross revenue on cost
China portfolio
5.5%
8.4%
Notes:
•
The above figures are on 100% basis, with the financials of each property taken in its entirety regardless of CapitaLand's effective interest. This analysis compares the performance of the same
set of property components that are opened/acquired prior to 1 Jan 2019
Data for Tenants' Sales excludes one master-leased malls. Tenants' sales from supermarkets and department stores are excluded
1.
Tier 1: Beijing, Shanghai, Guangzhou and Shenzhen
2. Tier 2: Provincial capital and city enjoying provincial-level status
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