These are the potential earnings drivers for CapitaMall Trust in FY14-15

Asset enhancements to offset moderate outlook.

According to CIMB, CapitaMall Trust announced more asset enhancement initiatives (AEIs) at  Tampines Mall, which is expected to raise FY15 DPU.

Here's more from CIMB:

FY14 will see sales/earnings contributions from Phase 1 of Bugis Junction AEI (95% preleased, expected completion in 4Q13) and the completion of Westgate retail mall (70% preleased).

The commencement of Bugis Junction phase 2 AEI is expected in 1Q14 and completion by FY15.

CMT also announced that it will convert around 25k-30k sf of rooftop space in Tampines Mall, which is expected to return 8% on the S$36m capex or c.S$3.4m to CMT’s revenue. This is slated for completion in FY15.