CapitaLand Retail China Trust‘s (SGX: AU8U) share price (technically known as unit price for REITs) fell around 11% since hitting a 2020-peak of $1.69. At the time of writing, its units are selling at S$1.50 each.
With the fall in unit price, does CapitaLand Retail China Trust present an investment opportunity for those with a long-term view?
Let’s explore 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 analyse CapitaLand Retail China Trust, let’s explore what its business