CapitaLand Mall Trust sees SGD26 million in net fund outflow after credit metrics downgraded


Singapore-listed retail giant, CapitaLand Mall Trust (CMT), saw some SGD26 million (USD19 million) in net institutional fund outflow last week, amid downgrades to its credit metrics.

CMT is Singapore’s oldest, and largest REIT by market capitalisation.

Unitholders of the REIT approved a plan to merge with CapitaLand Commercial Trust (CCT) at an EGM on 29 September, paving the way for the formation of CapitaLand Integrated Commercial Trust (CICT).

Related: Unitholders approve formation of CapitaLand Integrated Commercial Trust

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