CapitaRetail China Trust Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2011
January 27, 2012 at 04:38 pm
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CapitaRetail China Trust reported unaudited earnings results for the fourth quarter and full year of 2011. For the quarter, the company reported gross revenue of SGD 36,438,000 compared with SGD 30,154,000 for the same period last year. Net property income of SGD 22,799,000 compared with SGD 19,035,000 for the same period last year. Total return before taxation of SGD 57,582,000 compared with SGD 82,172,000 for the same period last year. Total return for the period after taxation attributable to unit holders of SGD 43,252,000 compared with SGD 63,522,000 for the same period last year. Total return for the period after taxation of SGD 43,941,000 compared with SGD 63,718,000 for the same period last year. Net cash from operating activities was SGD 28,937,000 compared with SGD 21,396,000 for the same period last year. Capital expenditure on investment properties was SGD 1,454,000 compared with SGD 245,000 for the same period last year. Purchase of plant and equipment was SGD 1,002,000 compared with SGD 526,000 for the same period last year. Gross revenue increased was mainly due to the contribution of RMB 13.5 million from CapitaMall Minzhongleyuan in fourth quarter of 2011.
For the full year, the company reported gross revenue of SGD 131,863,000 compared with SGD 118,983,000 for the same period last year. Net property income of SGD 85,806,000 compared with SGD 77,226,000 for the same period last year. Total return before taxation of SGD 161,881,000 compared with SGD 144,524,000 for the same period last year. Total return for the period after taxation attributable to unit holders of SGD 119,683,000 compared with SGD 111,322,000 for the same period last year. Total return for the period after taxation of SGD 120,528,000 compared with SGD 111,967,000 for the same period last year. Net cash from operating activities was SGD 74,890,000 compared with SGD 72,553,000 for the same period last year. Capital expenditure on investment properties was SGD 2,766,000 compared with SGD 4,773,000 for the same period last year. Purchase of plant and equipment was SGD 2,227,000 compared with SGD 1,151,000 for the same period last year. Gross revenue was mainly due to the consolidation of RMB 27.1 million from CapitaMall Minzhongleyuan which was acquired on 30 June 2011.
CapitaLand China Trust is a Singapore-based real estate investment trust (REIT). The principal activities of the Trust are those relating to an investment in a diversified portfolio of income-producing properties located primarily in mainland China, Hong Kong and Macau and used primarily for retail, office and industrial purposes (including business parks, logistics facilities, data centers and integrated developments). Its portfolio constitutes approximately 10 shopping malls, five business parks and four logistics parks. The geographically diversified portfolio has a total gross floor area of approximately 1.9 million square meters (sq m), located across 12 Chinese cities. Its retail malls include CapitaMall Xizhimen, Rock Square, CapitaMall Wangjing, CapitaMall Grand Canyon, CapitaMall Xuefu, CapitaMall Xinnan, CapitaMall Nuohemule, CapitaMall Yuhuating, CapitaMall Aidemengdun and CapitaMall Qibao. Its investment manager is CapitaLand China Trust Management Limited.
CAPITALAND CHINA TRUST 
