Here's a glimpse of CMA's impressive performance in China

Operating income from 7 China malls jumped 47%.

According to DBS, CapitaMalls Asia's (CMA) results were within expectations, with 2Q13 PATMI growing 6% y-o-y to S$246m while revenue was up 25% to S$93.4m. 

DBS noted that China continues to post healthy growth. Operating income grew 41% on year with improved contributions from the 7 China malls completed last year as well as better performance from its existing properties.

Tenant sales psm in China was up 9.5% (excl Tier 1 cities: +11%), slightly better than 1Q13 while shopper traffic grew 0.8% y-o-y, a recovery compared to -0.9% in 1Q13.

Here's more:

In Singapore, sales expanded a slight 3.5%. Other locations such as Japan and India reported higher footfalls and tenant sales.

More new mall openings and healthy rental reversion to support book NAV and cashflow. Going into 2H and 2014, the group would continue to boost operating performance within its portfolio as well as new mall openings in Singapore, China and India.

Its China portfolio continues to enjoy double digit NPI growth on the back of robust organic improvement in rents. In S’pore, Bedok Mall (>90% precommitted) and Westgate (>70% preleased) are scheduled to open by year end.

Current see-through gearing is a healthy 35% (potentially rising to 45% by year end) with cS$1bn of gross cash holdings. CMA remains selective stance on new investments.

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