CapitaLand Commercial Trust (CCT)

CCT gets 'buy' from DBS, Jefferies but 'hold' from OCBC, RHB
SINGAPORE (Apr 22): DBS Group Research is maintaining CapitaLand Commercial Trust (CCT) at "buy" and raising its target price from $2 to $2.10, saying CCT remains undervalued "ahead of a multi-year upturn in office rents in Singapore" and limited supply over the next three years. Based on data from CBRE, Core Grade A CBD office rents rose 3.2% q-o-q to $11.15 ppm in 1Q19, the sixth consecutive ...
CCT reports 3.8% higher 1Q DPU of 2.20 cents on higher property contributions
SINGAPORE (April 19): The manager of CapitaLand Commercial Trust (CCT) has reported a 1Q19 distribution per unit (DPU) of 2.20 cents, rising 3.8% y-o-y from 2.12 cents due to higher contributions from Gallileo and Asia Square Tower 2. Gross revenue and net property income (NPI) for the quarter increased by 3.5% and 3.4% to $99.8 million and $79.8 million, respectively. This comes after ...
It's all work, all play in Singapore if urban plan gets go ahead
(Apr 5): Living where you work and play may not seem like the ideal balance in terms of escaping the grind, but it’s a key plank of Singapore’s vision for its central business district. Like many cities’ financial centres, Singapore’s is bustling by day and close to deserted during a weekend. The government hopes to change that and laid out details of how it aims to go about it in an ...
CapitaLand Commercial Trust said to pursue $1.5 bil Duo office tower
SINGAPORE (Mar 20): CapitaLand Commercial Trust (CCT), Singapore’s biggest office landlord, is among suitors in talks about a potential acquisition of the Duo office and retail development in the city, people with knowledge of the matter said. The real estate investment trust has been negotiating the purchase of a 39-story office building called Duo Tower, along with the connected Duo ...
Singapore's office market is buzzing, for now
(Jan 25): What’s not to like about Singapore’s office property market? Take a look at CapitaLand Commercial Trust’s 2018 results. Singapore’s biggest office landlord, owner of $10 billion of the city-state’s commercial buildings, finished the year with a record-high occupancy rate of 99.3%. To achieve this, the real-estate investment trust didn’t have to compromise on ...
Buy CapitaLand Commercial Trust on dips: RHB
SINGAPORE (Jan 25): RHB Research is maintaining a “neutral” call on CapitaLand Commercial Trust (CCT) with a target price of $1.86. CCT yesterday announced that its 4Q18 DPU has increased by 6.7% to 2.22 cents from 2.08 cents in 4Q17. FY18 DPU was just 0.5% higher at 8.70 cents from 8.66 cents in FY17. Gross revenue came in at $99.0 million, a 14.8% increase from $86.3 million last ...
CapitaLand Commercial Trust posts 6.7% increase in 4Q DPU to 2.22 cents
SINGAPORE (Jan 24): The manager of CapitaLand Commercial Trust (CCT) announced 4Q18 DPU increased 6.7% to 2.22 cents from 2.08 cents in 4Q17. This brings FY18 DPU to 8.70 cents, just 0.5% more than 8.66 cents in FY17. Distributable income for the quarter was 10.7% higher at $83.1 million, from $75.0 million in the previous year, due to higher net property income as well as the distribution ...
CapitaLand Commercial Trust to maintain positive rental reversions in 2020: UOB
SINGAPORE (Jan 14): UOB Kay Hian is maintaining its “buy” call on CapitaLand Commercial Trust (CCT), while raising its target price to $2.11 from $2 previously after fine-tuning 2018-20F DPU by –3 to 1% upon adjusting rental assumptions. This comes as the research house now expects positive rental reversions for Asia Square Tower 2 in 1H19 with improved occupancy due to The Work Project ...
This is the year for office REITs to shine: OCBC
SINGAPORE (Jan 8): OCBC Bank is expecting Singapore office REITs to strengthen further in the near-term this year – and possibly, in the process, demand higher rents to bring about positive rental reversion. In a Tuesday report, OCBC’s credit research team highlights office REITs as a bright spot among Singapore REITs (S-REITs), with the recent trend of strong new office supply looking to ...
CapitaLand Commercial Trust kept at 'buy' by DBS with office rents on recovery road
SINGAPORE (Oct 29): DBS is reiterating its “buy” call on CapitaLand Commercial Trust (CCT) with a target price of $2.12. This came on the back of the trust announcing a 3Q18 DPU of 2.20 cents, 8.9% higher than 2.02 cents reported in 3Q17. Distributable income was 13.1% higher y-o-y at $82.7 million. Gross revenue increased by 35.6% y-o-y to $100.5 million, bringing net property ...