Shares & Derivatives
5 things I learned from the 2020 CapitaLand Commercial Trust AGM
By The Fifth Person  •  July 20, 2020
CapitaLand Commercial Trust (CCT) is a SGX-listed REIT with a portfolio comprising 10 prime commercial properties in Singapore and Germany. CCT’s eight Singapore properties now account for 92% of the Trust’s portfolio property value, while the two German properties make up the remaining 8%. COVID-19 has made apparent the possibility of remote working, which has raised questions about the future of a centralised, physical office space. With 10 office buildings in its portfolio, I wanted to find out how CCT viewed this potential paradigm shift in the future of the office space. Hence, I attended CCT’s 2020 virtual AGM to find out more, but I felt that the AGM was too brief to address important points regarding CCT’s post-pandemic future. Nevertheless, here are five things I learned from the 2020 CapitaLand Commercial Trust AGM: 1. CCT’s gross revenue and net property income (NPI) increased by 3.7% and 2.1% year-on-year to S$577.8 million and S$448.0 million respectively in FY2019. The increase in revenue...
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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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