CapitaLand Commercial Trust
Also, known by the script SGX: C61U, this trust saw an increase of 1.9% in the second quarter for its distributions. This growth is really due to inflows from Galileo’s acquisition, better performance in the local portfolio and property acquired in May 2018.
This trust has seen growth from rising rental rates of Grade A offices in Singapore. The rates have seen a 1.3% increase every quarter and a yearly increase of 4.6%.
REITs portfolio has seen a growth of 3.5% for the monthly average gross rent between March and June.
Also, the trust’s expiring rent is below the rent of the market of SGD 11.30 per square feet. This will allow for higher rental rate negotiations for the trust. The CapitaLand Commercial Trust has a price-to-book ratio of 1.14 and an annualised distribution yield of 4.2%.