Full year distribution per unit was up 1.9% at 8.62 cents, at the current price CCT yields around 6.5% which is pretty juicy.
Doomsayers prediction was totally off as the commercial property market did not crash, NAV still above $1.7 along with a healthy occupancy rate of over 97%.
CapitaGreen should help lift DPU for 2016 as its over 90% occupied already.
On the down side debt profile looks worrying as they have over 20% of debt maturing in 2016, with interest rates on a uptrend I expect cost of debt to go up slightly.
Solid track record of high occupancy rate of 93-99% since 2004, their Asset Enhancement Initiatives have also been consistent with no screw ups.
Tenant mix seems to be taking a big shift as BC/Media/Telecomm forms the largest weightage, up from 19% to 28%. In the past Banking and Financial Services was ......