capitaland retail china trust
My Flawless Experience with Tiger Brokers For The Past 4 Months, The Ultimate Guide To Mapletree Commercial Trust in 2021, Palantir Goes On Huge Sale After Reporting Huge Growth in FY2020. I personally like this move by CRCT because the acquisition of the remaining 49% will give them more flexibility and allow them to do Asset Enhancement Initiatives (AEIs). and drop your question or analysis on CapitaLand Retail China Trust there. With the new mandate, CRCT will now also target Hong Kong and Macau assets, as well as office and industrial properties. The acquisition is being made at a slight discount to its valuation, bringing further accretion for shareholders. CapitaLand Retail China Trust has strong fundamentals, and that is shown by its near-full score. Use Tiger Brokers ! This is just the start and Capitaland Retail China Trust has way more exciting acquisitions coming. Related: CapitaLand’s China REIT addresses concerns over falling occupancies “The property […] Use Tiger Brokers ! According to the REIT, its properties are located in densely populated areas that are well-connected to public transport nodes. CapitaLand Retail China Trust’s healthy occupancy rate, despite the proliferation of e-commerce in China, is a testament to its strong business. Assuming an EFR of S$300m and S$325m, the post-acquisition gearing would be 37.9% and 37.4% respectively. Get information about CapitaLand China Trust dividends and ex-dividend dates. It was listed on the Singapore Exchange Securities Trading Limited (SGX-ST) on 8 December 2006. For FY2019, CapitaLand Retail China Trust had an NPI of S$165.4 million and a portfolio value of S$3.2 billion. With a strong mixture of all 3, it allows the REIT to diversify, minimizing risk and overexposing towards a single asset class. The Average Joe's Guide To Investing" – and work at The Motley Fool Singapore as an, You can contribute your thoughts like Sudhan P. Stay updated with the latest finance tips! CapitaRetail China Trust operates as a real estate investment trust in Singapore. FY2019 DPU decline could specifically be due to timing differences. Mervin Song [CFA] | Derek Tan - CapitaLand Retail China Trust - Circumstances beyond CRCT’s control. While we expect some short-term impact, we remain positive on China’s long-term fundamentals.”. With many opportunities to spend and fatter-than-normal wallets for the Chinese consumer, we think CapitaLand Retail China Trust’s upcoming results may spring a further surprise in terms of operational performance. Readers should always do their own due diligence and consider their financial goals before investing in any stock. CapitaLand Retail China Trust‘s (SGX: AU8U) share price (technically known as unit price for REITs) fell around 11% since hitting a 2020-peak of $1.69. CapitaLand Retail China Trust ('CRCT') is the first and only China shopping mall Real Estate Investment Trust (REIT) in Singapore, with a portfolio of 10 income-producing shopping malls. 1. This makes it hard for CRCT to do any form of accretive acquisition if it involves any form of EFR. Even though the retail malls will continue to deliver good net property income going forward, the added resilience of diversifying the assets is a positive thing for Capitaland Retail China Trust. CapitaLand Retail China Trust has a final score of 9/10. If they were to do the EFR now, it might not be a great idea because Capitaland Retail China Trust’s current share price is being traded at a huge discount to NAV. As a unitholder, I obviously have a vested interest to know more. s) fell around 11% since hitting a 2020-peak of $1.69. WALE is short at 2.2 years where the highest lease expiry of 28% falls in the year 2021. With the fall in unit price, does CapitaLand Retail China Trust present an investment opportunity for those with a long-term view? With the current COVID-19 pandemic situation, acquiring Data Centres and Business Parks will bring about more stability to the REIT, with a more consistent cash flow since these tenants are not impacted by the pandemic currently. Why not check our Seedly Community and drop your question or analysis on CapitaLand Retail China Trust there. Check for: Increasing gross revenue and NPI. Let’s explore using my 10-step guide to pick the best Singapore REITs. CRCT just posted their quarterly result recently with a DPU of 3.02 Singapore cents for half year ended 30 June. That contributed to a higher number of outstanding units as compared to FY2018. CapitaLand Retail China Trust (SGX:AU8U) 's divestment of underperforming mall MinzhongLeyuan (民众乐园, at Wuhan, Hubei) above book value is a positive signal. This, coupled with the full effect of the new acquisitions’ contributions not kicking in yet, could have dragged down DPU. P.S. If they were to do a larger scale EFR, it could seriously dilute shareholders. Weighted average land lease expiry is short at 24.05 years. Find the latest CapLand China T (AU8U.SI) stock quote, history, news and other vital information to help you with your stock trading and investing. Divestment proceeds of ~S$47m can be used to pare down debt and optimise balance sheet. Therefore, CapitaLand Retail China Trust is fairly valued at its current unit price of S$1.50, and that’s acceptable in my opinion. Before joining the Seedly hood, I had the chance to co-author a Singapore-themed investment book – "Invest Lah! Based on the presentation slides, it seems like the management wants to take on almost 50% of the acquisition cost in debt. Source: https://www.crct.com.sg. The total acquisition cost will come up to about S$822mm, S$800mm of which will be for the purchasing of assets. CapitaLand Retail China Trust (CRCT) – Stock Code: AU8U. Also, use my referral code for an extended 3 months of premium access to StocksCafe! CLCT, the largest China-focused Singapore real estate investment trust (Reit) formerly known as CapitaLand Retail China Trust (CRCT), on Friday posted a distribution per unit (DPU) of 3.33 cents for the second half of the financial year ended December 2020. Based on their latest 3Q business update, the gearing stood at 34.7%, leaving them a debt headroom of S$700 million to 45% and S$1.2 billion to 50%. CapitaLand Retail China Trust’s manager expects a short-term impact on shopper traffic and tenants’ sales due to the novel coronavirus outbreak. Not to mention the strong positive rental reversions since its acquisition, 26.8% in 2018, 23.0% in 2019, and 12.8% YTD Sept 2020.