CapitaLand Commercial Trust‘s (SGX: C61U) share price (or technically unit price for REITs) is currently at S$2.09.

At that price, CapitaLand Commercial Trust has a price-to-book (PB) ratio of 1.1 and a distribution yield of 4.2%.

The distribution yield looks low, but could there be more to this REIT than meets the eye?

To answer that question, let’s analyse CapitaLand Commercial Trust using my 10-step guide to pick the best Singapore REITs.

As a summary, here are the 10 steps I use to pick the best Singapore REITs:

Growth in Gross Revenue and Net Property Income Growth in Distribution Per Unit Property Yield of Between 5% and 9% Gearing Ratio of Below 40% Interest Coverage Ratio of Above 5x Healthy Portfolio Occupancy Rate Positive Rental Reversions Presence of Growth Prospects Acceptable Price-to-Book Ratio Distribution Yield of Above 5% Business Background

Before we dive into analysing CapitaLand Commercial Trust, let’s

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