Shares & Derivatives
5 things I learned from the 2020 CapitaLand Retail China Trust AGM
By The Fifth Person  •  July 14, 2020
CapitaLand Retail China Trust (CRCT) is a pure-play retail REIT with its properties located entirely in China spread over nine cities. It derives about 95% of its net property income (NPI) from its properties located in Tier 1 and 2 Chinese cities. CRCT also has a well-diversified tenant base across more than 14 trade sectors (figures correct as of 31 March 2020):

Source: CapitaLand Retail China Trust 2020 AGM presentation slides

CRCT’s shareholders are naturally concerned about the REIT’s outlook given that the COVID-19 pandemic originated in Wuhan, China before spreading throughout the country. This sent the entire country into lockdown and ghost towns emerged. However, as restrictions are being gradually lifted in China, I was interested to see if CRCT has recovered as well and how they are dealing with the slowdown in retail traffic. Having attended the AGM, I am personally quite bullish about CRCT’s medium-term prospects and believe they are well-placed to tide through this crisis....
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By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
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