Capitaland Mall Trust (CMT)

According to the team, DPU accretion is estimated to be at +4.1% and +7.6% for CMT and CCT for the last 12 months ended June 30.

The rating on CMT reflects the agency’s view of the REIT’s leading-market position following its merger with CCT.

The merger is expected to take place on October 21. CCT’s last day of trading is expected to be on October 16.

The merger of CMT and CCT, if it happens, could pave the way for redevelopment opportunities that would lift GFA.

In September, the FTSE S-REIT Index gained 1.8% m-o-m, with the strongest gains observed from the hospitality subsector.

CMT and CapitaLand Commercial Trust (CCT) are proposing a merger to form CapitaLand Integrated Commercial Trust.

EGMs coming up on Sept 28 and 29 for three REITs, FCT, CMT and CCT to vote on transformational transactions.

UOB KayHian says CICT will become the largest REIT in Singapore and the second largest REIT in the Asia Pacific region.

The manager of CapitaLand Mall Trust (CMT) announced on September 8 that its $200 million revolving credit facility has been converted into a sustainability-linked loan by United Overseas Bank (UOB).

Existing unitholders of CMT and CCT are expected to vote on the proposed transaction at an extraordinary general meeting on Sept 29.