3 Things You Need To Know About CapitaLand Limited’s Malaysian REIT, CapitaLand Malaysia Mall Trust

CapitaLand Limited (SGX: C31) is the largest property developer in the region. It is also the sponsor of a number of Singapore-listed real estate investment trusts, such as CapitaLand Mall Trust (SGX: C38U) and CapitaLand Commercial Trust (SGX: C61U), that also happen to be some of the largest REITs in the region.

Interestingly, CapitaLand also has one retail REIT under its banner that is listed on the Malaysia stock exchange, Bursa Malaysia. The REIT in question is CapitaLand Malaysia Mall Trust (KLSE: 5180.KL) and its largest unitholder happens to be CapitaLand, which owns a 35% stake.

Although CapitaLand Malaysia Mall Trust is a much smaller REIT compared to its sister-REITs in Singapore, it does own some very interesting assets. Here are three things investors may want to know about CapitaLand Malaysia Mall Trust.


The REIT owns three properties in Klang Valley, one in Penang and one in Kuantan, Pahang. Here are the details of the properties:

  • Gurney Plaza (Penang), a retail mall valued at RM1.455 billion.
  • Sungei Wang Plaza (Kuala Lumpur), a retail mall valued at RM675.0 million.
  • The Mines (Klang Valley), a retail mall valued at RM720.0 million.
  • Tropicana Property (Klang Valley), a retail mall and office tower valued at RM573.0 million.
  • East Coast Mall (Kuantan), a retail mall valued at RM482.0 million.


CapitaLand Malaysia Mall Trust has a net gearing ratio of 32% at the end of the third-quarter of 2016. Its borrowings are also relatively long-term in nature given that they have an average term to maturity of 6.4 years. The REIT’s average cost of debt is also quite low at just 4.46%.

The REIT has been expanding its portfolio in recent years too and has been seeing an increase in its distributions per unit over the past few years.

Source: CapitaLand Malaysia Mall Trust’s website


Right now, CapitaLand Malaysia Mall Trust is valued at 17 times earnings and offers a distribution yield of 5.5%. Comparatively, CapitaLand Mall Trust is trading at 12.5 times earnings and a distribution yield of 5.3%.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore Stanley Lim doesn’t own shares in any companies mentioned.