Shares & Derivatives
CapitaLand Retail China Trust Analysis @ 11 July 2020
By REIT-TIREMENT  •  July 11, 2020
Basic Profile & Key Statistics CapitaLand Retail China Trust (CRCT) is a pure retail REIT with all of its properties in China. Lease Profile Occupancy is healthy at 95.4%. WALE at 2.3 years is low as compared to other retail SREITs/BizTrust with properties in China. All of its income is received in RMB. Highest lease expiry by GRI of 30% will be expiring this year, this posts a slight concentrated lease expiry risk. Weighted average land lease expiry is the 2nd shortest for SREITs at only 24.3years. Debt Profile Gearing is healthy at 35.8%. Cost of debt of 2.9% is at median level despite high unsecured debt of 94.2%. Fixed rate debt is slightly higher than median level. Interest cover is at SREITs median level of 4.3 times. WADE is short at 2.55 years, however, debt is quite well-spread. Highest debt maturity of around 20.4% will be expiring in the year 2022. Diversification Profile Both top geographical and top property contributions are close to SREITs median level. Both top tenant...
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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