In 2021, CapitaLand privatised its development business, leaving CapitaLand Investment (CLI) as the sponsor of its four REITs and two property trusts. Of these six vehicles, five are listed in Singapore. Among them are Singapore’s largest and Asia Pacific’s third-largest REIT, CapitaLand Integra...

OCBC Investment Research analyst Chu Peng has kept a “buy” rating on Capitaland China Trust (CLCT) with a lowered fair value estimate of $1.30 from $1.40.During the 1HFY2022 ended June, CLCT’s revenue rose 12.7% y-o-y to $199.3 million while net property income (NPI) increased 15.9% y-o-y to $...

Among the S-REITs and property trusts with Chinese assets, CapitaLand China Trust (CLCT) stands apart. Besides being the largest among this group, it is sponsored by a Singaporean company and is also the only REIT with a sound capital management strategy.Sound assets, a diversified portfolio with di...

Among the S-REITs and property trusts with Chinese assets, CapitaLand China Trust (CLCT) is - apart from being the largest among them, and sponsored by a Singaporean company - the only REIT with a sound capital management strategy.Sound assets, a diversified portfolio with diversified tenants and go...

The manager of CapitaLand China Trust (CLCT) has reported a distribution per unit (DPU) of 4.10 cents for the 1HFY2022 ended June.The DPU is 3.1% lower than the DPU of 4.23 cents in the corresponding period the year before as the REIT manager has opted to retain $3.6 million of the distributable inc...

CAPITALAND China Trust (CLCT) on Tuesday (Jul 26) posted a 3.1 per cent year-on-year drop in H1 DPU to S$0.041 after opting to retain S$3.6 million of the amount available for distribution for financial flexibility.

RHB Group Research analyst Vijay Natarajan has maintained his “overweight” rating of the Singapore REIT (S-REIT) sector, which he says is growing despite rising risks.Reminding investors to “stay selective” amid a challenging outlook, Natarajan says: “Despite rising macroeconomic risks and...

DBS Group Research analysts see entry opportunities into Singapore REITs amid a period of “heightened fear”, while data centre S-REITs are worth a shot.That said, investors have turned more defensive amid recession fears, while the momentum for acquisitions are likely derailed, say the analysts,...

REITs’ unit prices are affected by a myriad of factors. For investors and market watchers who wonder why REITs’ price to net asset value ratios (P/NAV) vary between more than 2x for ParkwayLife REIT (PLife REIT) to 0.53x for Lippo Mall Indonesia REIT (LMIRT) and BHG Retail REIT, look no further ...

On April 22, stapled security holders of CDL Hospitality Trusts (CDLHT) voted overwhelmingly to approve resolution 4, the implementation of a distribution reinvestment plan (DRP).In a 24- page circular on the rationale for DRP, CDLHT’s manager said: “the cash which would otherwise have been paya...

Analysts from DBS Group Research and OCBC Investment Research are remaining positive on CapitaLand China Trust (CLCT) for its exposure to new economy assets.The analysts have also kept their “buy” calls on the REIT after it reported higher gross revenue and net property income (NPI) for the 1QFY...

DBS Group Research has lowered its target price for CapitaLand China Trust (CLCT) to S$1.55 from S$1.60 on concerns over the current lockdown scenario potentially expanding to Beijing, where a bulk of CLCT’s retail exposure is. 

CAPITALAND China Trust (CLCT) posted a 30.4 per cent rise in its net property income to 344.5 million yuan (S$72.2 million) for its first quarter ended March 2022, from 264.2 million yuan a year ago.

The manager of CapitaLand China Trust (CLCT) has reported gross revenue of RMB489.9 million ($103.3 million) for the 1QFY2022 ended March, up 24% from the gross revenue of RMB395 million in the corresponding period the year before.Net property income (NPI) during the quarter increased 30.4% to RMB34...

If there was one standout from the REITs that announced results in the week of April 18-22, it was their focus on capital management. REIT managers are moving to limit the impact of interest rate hikes on their distributable incomes and distributions per unit (DPU). Interest expense is often locally...