CapitaCommercial Trust (CCT) is Singapore’s first commercial real estate investment trust (REIT) listed on the Singapore Exchange Securities Trading Limited. CCT owns 9 quality commercial buildings in Central Singapore and has 30% stake in Quill Capita Trust, a commercial REIT listed on Bursa Malaysia Securities Berhad. CCT also has a 7.4% stake in Malaysia Commercial Development Fund, Capitaland’s first and largest private real estate fund.
4 Reasons to buy CCT
- The NAV calculated in the FY2010 financial report was an adjusted $1.47. The high NAV was mainly due to the revaluation of CCT’s properties as well as their divestment gains. At $1.41, CCT is currently trading below it’s NAV. From the chart below (extracted from CCT’s presentation), valuation of the properties are starting to turn upwards after 4 consecutive periods of decline. The NAV of CCT can be expected to increase should the trend continues.
- Quill Capita ...