Listed on 8 December 2006, CapitaLand Retail China Trust (CRCT) is Singapore’s first SGX-listed REIT established to invest and derive income from a portfolio of retail malls located across China. As at 31 December 2018, CRCT had expanded its portfolio to 11 retail malls with a total asset amounting to S$ 3.0 billion.
In this article, I’ll cover its fundamentals, its latest financial results and evaluate its stock based on its current unit price of S$ 1.45 today. Thus, here are 10 main things to know about CRCT before you invest.
Total AssetsCRCT has increased its total assets by CAGR of 10.4% to S$ 3.0 billion in 2018 from S$ 1.2 billion in 2009. It is attributed to CRCT’s acquisition of the following properties during the 10-year period: No. Retail Assets Year Acquisition Costs 1 CapitaLand Minzhongleyuan 2011 RMB 395 million 2 CapitaLand Grand Canyon 2013 RMB...
