CapitaLand Integrated Commercial Trust (Merger CMT & CCT)

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Not vested

CapitaCommercial Trust , which owns office assets, may be in focus after it said its distributable income for the second quarter fell 2.3 percent to S$54.4 million ($44.7 million), due to a loss in rental income from the sales of two properties in Singapore.

Source: Reuters

[winston]

not vested

CapitaCommercial Trust, which owns commercial properties, said its distributable income in the third quarter fell 7.8 percent to S$51.9 million from S$56.2 million a year earlier, mainly due to lower rental income following the sale of two assets.

Source: Reuters

[winston]

not vested

CapitaMall Trust Seeking To Raise Up To S$300 Million Via Private Placement ...Fox Business

By PR Venkat SINGAPORE -(Dow Jones)- CapitaMall Trust (C38U.SG) is looking to raise up to S$300 million through a private placement for asset enhancement and to meet its capital expenditure needs, a person familiar with the situation said Monday.

http://www.foxbusiness.com/industries/2 ... placement/

[winston]

CapitaMall prices new unit placement at S$1.79 each
SINGAPORE, Nov 1 (Reuters) - Singapore's CapitaMall Trust , which owns shopping malls, raised S$250 million ($199.7 million) after setting the price of its private placement of new units at the bottom of the S$1.79-S$1.85 range.

The trust announced on Tuesday that it is selling 139.7 million new units for S$1.79 each to fund the upgrade of its properties and investment.

The trust has also lifted its trading halt and the stocks will resume trading at 0900 (0100 GMT) in the Singapore Exchange.

Source: Reuters

[winston]

not vested

RESEARCH ALERT-Citi upgrades CapitaMall Trust to buy

Singapore, Jan 19 (Reuters) - Citi upgraded Singapore's shopping mall owner CapitaMall Trust to buy from neutral and reduced its price target to S$1.95 from S$2.00.

By 0230 GMT, CapitalMall Trust shares were flat at S$1.745.

The shares have fallen about 14 percent last year.

STATEMENT: Citi said CapitalMall Trust shares now offered an attractive estimated yield of nearly six percent, making its valuation look attractive, after its shares fell 10 percent since last September.

Citi, however, cut its price target to reflect the mall owner's fourth-quarter results. It said overall occupancy fell to 94.8 percent as of December 31, down from 96 percent in the previous quarter, primarily due to asset enhancement works at some of its properties.

Other current asset enhancement works are on track and CMT expects to inject about S$15.6 million at Clarke Quay for works with an expected return on investment of 13 percent, Citi said.

Source: Reuters

[winston]

not vested

CapitaCommercial Trust, which owns office assets, said on Friday its fourth-quarter distribution per unit fell by 1 percent to 1.92 Singapore cents from a year ago, hurt by slightly lower property income and higher expenses.

Source: Reuters

[winston]

not vested. Trying to get about 5% yield and lose about 25% of the Principal ?

RESEARCH ALERT - OCBC cuts CapitaCommercial target price

SINGAPORE, Jan 25 (Reuters) - OCBC Investment Research has cut its target price for CapitaCommercial Trust (CCT) , which owns office properties, to S$1.29 from S$1.41 but kept its buy rating.

By 0103 GMT, units of CCT were flat at S$1.145. They have fallen about 24 percent since the start of last year.

STATEMENT: OCBC said although CCT's distributable income of S$212.8 million ($167.53 million) for 2011 was in line with its forecasts, it expects office rents to decline further this year.

However, the brokerage said it continues to like the trust for its quality portfolio and strong execution by the management.

OCBC also noted the redevelopment of its Market Street property in downtown Singapore remains on track. Also, 100 percent of the upgraded space of Six Battery Road office building in the central business district has been pre-committed.

Overall portfolio occupancy remained flat at 97.2 percent for CCT in the fourth quarter, which is higher than the industry average of 91.2 percent, OCBC said.

Source: Reuters

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not vested

CapitaCommercial Trust reported a 3.3 percent rise in its first quarter distribution per unit to 1.90 Singapore cents, despite a 3.9 percent fall in gross revenue due to lower occupancy rates and expiring rents outpacing new signings.

Source: Reuters

[winston]

not vested

CapitaCommercial Trust – 1Q12: Good Uptake, but watch for vacancies

(HOLD/S$1.25/Target: S$1.20)
FY12F PE (x): 17.8
FY13F PE (x): 16.8

Results in line with expectations.

CapitaCommercial Trust (CCT) reported a 1Q12 distributable income of S$53.9m (+3.4% yoy, -1.0%qoq) and a DPU of 1.90 S cent (+3.3% yoy, -1.0% qoq).

The 1Q12 DPU is in line with our expectations, accounting for 25.3% of our full-year DPU estimate of 7.5 S cents.

We maintain HOLD with a higher target price of S$1.20 (from S$1.15) incorporating the raised DPU forecast.

Our target price is pegged at a 10% discount to the DDM (required rate of return: 8.3%, terminal growth: 2.0%) derived value of S$1.32. Entry price is at S$1.10.


Source: UOBKH

[winston]

not vested

CapitaMall Trust, Singapore's biggest real estate investment trust by assets, said on Thursday it will make a one-time gain of S$83.8 million ($67.54 million) from the sale of one of its properties in the city-state


Source: Reuters