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CapitaRetail China Trust (CRCT)
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PhillipTan
Supreme |
29-Jul-2021 08:33
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CapitaLand China Trust reports 40.1% higher DPU of 4.23 cents in 1H21 on new contributions from acquisitionsThe manager of CapitaLand China Trust (CLCT) has reported distribution per unit (DPU) of 4.23 cents for the 1HFY2021 ended June, 40.1% higher than the 3.02 cents reported in the 1HFY2020.Gross revenue increased by 74.2% y-o-y to $176.9 million while net property income (NPI) surged 84.4% y-o-y to $120.3 million. The higher figures were mainly due to new contribution from CLCT' s business park portfolio, 100% contribution from Rock Square and new contributions from CapitaMall Nuohemule. This was offset by the absence of contribution from CapitaMall Minzhongleyuan and CapitaMall Saihan following their divestments on Feb 10 and June 7 respectively. NPI was further improved by the strong operating performance at CLCT' s malls including lower tenant reliefs and higher rent collections, as well as higher occupancy and rental reversions at its business park properties. Distributable income for the 1HFY2021 stood 72.9% higher y-o-y at $64.1 million, making this the highest growth rates in NPI and DI since CLCT' s listing in 2006. The distributable income was spread over an enlarged unit base. As at June 30, the REIT' s portfolio occupancy stood at 95.4% with a weighted average lease expiry (WALE) of 4.1 years by net lettable area (NLA) and 2.4 years by gross rental income (GRI). Cash and cash equivalents as at end June stood at $236.4 million, while gearing stood at 35.9%, below the regulatory limit of 50%. " In view of effective pandemic control and rising vaccination rates in China, further normalisation of the country' s economic activities is expected, which will lead to the expansion of consumer demand and business investments. With a portfolio strategically aligned to China' s economic focus on domestic consumption and innovation to drive greater self-sufficiency, CLCT is well-positioned to ride the country' s growth over the long term," says Tan Tze Wooi, CEO of the manager. " Post mandate expansion, we have seized new opportunities to position CLCT as the proxy for growth in China' s future economy. Gearing for a new phase of expansion, we are actively looking to add quality assets, with a focus on new economy asset classes such as business parks, logistics, data centre and industrial properties in the near term," adds Tan. " Organically, we will continue to enhance returns by extracting value from our existing assets through asset optimisation efforts." Unitholders can expect to receive their DPUs on Sept 27. Units in CLCT closed 1 cent higher or 0.8% up at $1.35 on July 28. |
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ipolaris
Senior |
29-Jul-2021 08:27
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1H 2021 distribution per unit rises strongly by 40.1% year-on-year
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Joelton
Supreme |
23-Jun-2021 09:05
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CLCT prices S$150 million 7-year notes at 2.4%
CAPITALAND China Trust (CLCT) has priced S$150 million worth of notes due 2028 at 2.4 per cent.
In a filing to the Singapore Exchange on Tuesday, it said that the notes will be issued under its S$1 billion multicurrency debt issuance programme,
The notes will bear interest at a fixed rate of 2.4 per cent per annum, payable semi-annually, and will mature on June 29, 2028.
The notes are expected to be issued on June 29 this year, according to DBS which priced the notes.
The net proceeds arising from the notes will be used for general corporate and working capital purposes, investment or refinancing of existing borrowings.
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PhillipTan
Supreme |
23-Jun-2021 01:34
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CLCT prices S$150 million 7-year notes at 2.4%CapitaLand China Trust (CLCT) has priced S$150 million worth of notes due 2028 at 2.4 per cent.In a filing to the Singapore Exchange on Tuesday, it said that the notes will be issued under its S$1 billion multicurrency debt issuance programme, The notes will bear interest at a fixed rate of 2.4 per cent per annum, payable semi-annually, and will mature on June 29, 2028. The notes are expected to be issued on June 29 this year, according to DBS which priced the notes. The net proceeds arising from the notes will be used for general corporate and working capital purposes, investment or refinancing of existing borrowings. |
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pasttime
Supreme |
01-Jun-2021 11:00
Yells: "gold silver are real money. not others iou." |
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31 may. china has initial 9 reits sold out within 1st day of launch. largest one is over subsribe 30x. there is demand for china asset back investment trust in china. |
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actan99
Master |
28-Apr-2021 10:02
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CapitaLand buys hyperscale data centre campus in China for RMB3.7 bil |
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Adrianinsing
Elite |
28-Apr-2021 00:52
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CAPITALAND China Trust (CLCT) saw improved occupancy in its retail and business park portfolio in Q1 2021 owing to a recovery in sales and traffic, and an increased percentage of workforce reporting to work respectively.
In the quarter ended March 31, 2021, retail occupancy stood at 94.4 per cent and business park occupancy was at 92.1 per cent. In a business update released on Monday, the manager said that "consecutive quarterly improvements" for the retail portfolio and completed acquisitions drove these occupancy rates. Net property income (NPI) for Q1 2021 was reported to be 264.2 million yuan (S$54 million), 80 per cent that of the 328.6 million yuan NPI in H1 2020. The manager added that 100 per cent ownership of Rock Square, a shopping mall located within the Jiangnanxi retail cluster in the Haizhu district of Guangzhou province and new contributions from CapitaLand Nuohemule contributed to the Q1 2021 NPI. This was in addition to recovery in the retail segment, including "normalisation of operating margin" and falls in lease restructuring and arrears cases. CLCT also reported "improved portfolio diversification" in Q1 2021, with essential sectors such as supermarkets and services making up 42.9 per cent of gross rental income of its retail portfolio. On the business portfolio front, 62.3 per cent of its tenants were from emerging high-growth sectors such as electronics, e-commerce and financial services. Upcoming plans for its retail portfolio include the divestment of CapitaMall Saihan in the second quarter of 2021, and the acquisition of CapitaMall Nuohemule. An additional 1,000 square metres of net lettable area will also be added to Rock Square over the next few years, said the manager. Credit: Business Times |
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pkli899
Supreme |
24-Mar-2021 15:30
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Yes, means more right issues.......money lai, money lai.
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Starship
Supreme |
24-Mar-2021 13:39
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hokpin
Supreme |
24-Mar-2021 13:36
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Funny. How does Capital News affect this counter? Today still drops?! | ||||
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Starship
Supreme |
23-Mar-2021 10:53
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Capitaland has many stellar Raffles City and Vivo City in China. Next time they aare likely to be injected into Capitaland R China. https://mothership.sg/2018/02/raffles-city-vivocity-china/ The latest and most stunning Raffles City Chongqing: 
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pasttime
Supreme |
22-Mar-2021 15:26
Yells: "gold silver are real money. not others iou." |
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think hmn same same no change . life goes on. | ||||
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pkli899
Supreme |
22-Mar-2021 15:22
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Aiya, anticlimax for all except Capitaland and CICT holders la. Sian half.... |
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raykee
Veteran |
22-Mar-2021 14:43
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anyone got idea HMN how ar? | ||||
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pasttime
Supreme |
22-Mar-2021 14:37
Yells: "gold silver are real money. not others iou." |
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thxs. think i see the picture better now. the receiving shareholders will be smaller holder less then 30%. i am hurt at the capitaland side as in effect what happen is the meat is taken away as market don' t appreciate it. the consolidated asset and debt is a big changed at the cla level. very clever manoeuvre. |
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bystander1965
Supreme |
22-Mar-2021 14:23
Yells: "What I say is just my assessment. DYODD" |
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There is no change of ownerships on the reits side other than a bit of CICT. The general public still holds 48.2%. It' s the 48.2% of the Development side that has been privatised. For that 0.951 is offered. The CICT is thus distributed to the general SH.
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pasttime
Supreme |
22-Mar-2021 14:18
Yells: "gold silver are real money. not others iou." |
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it looks like a changed of ownership of the reits affected. wonder why they no need to provide a GO for all reits not in their hand? | ||||
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bystander1965
Supreme |
22-Mar-2021 14:05
Yells: "What I say is just my assessment. DYODD" |
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It' s only CICT that is slightly affected due to distribution of CL holdings to more retails. In theory also no impact. In reality? Maybe a bit of selling pressures when the retails get their hands on the perceived " free" distributions? | ||||
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hokpin
Supreme |
22-Mar-2021 14:05
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Yup. This counter and Ascendas are not affected.
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SGPhantom
Master |
22-Mar-2021 14:02
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Looks like nothing to do with CRCT directly?
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