Following the
REITs Report for 1Q17, we dive into individual REITs performance in today’s report. Here, we highlight three REITs that managed to outperform the rest of the REITs.
1. CapitaLand Retail China Trust
Capita Retail China Trust had two positive catalysts working for them in 1Q17:
Firstly, CapitaMall Minzhongleyuan has finally managed to turnaround its poor rental performance with a 35.1 percent gowth in rental reversions for 11 percent of its net lettable area leases. Shopper traffic and sales at the mall has been growing in strong double digit figures upwards of 60 percent year-on-year.
Secondly, CapitaMall Xinnan finished the quarter with a strong net property income margin of 72.7 percent in 1Q17. This is a leaped improvement in margin, given that its last quarter margin was only 52.4 percent.
Performance Grade For The Quarter: A+
2. CapitaLand Commercial Trust
The highlight of the quarter ......