Shares & Derivatives
CapitaLand Mall Trust Analysis @ 26 July 2020
By REIT-TIREMENT  •  July 26, 2020
Basic Profile & Key Statistics NAV has dropped around 4.5% from the previous quarter. TTM dividend yield also dropped, which is expected as DPU drop because of COVID. Lease Profile Occupancy drop slightly to 97.7%. The highest least expiry increased to 33.3% which posts a concentrated lease expiry risk. WALE reduced to 2 years, it is still median for retail SREITs with Singapore properties. Debt Profile Gearing ratio increased to 34.4%, but it is still healthy. Cost of debt reduced slightly to 3.1%. Fixed rate debt increase slightly to 51.5% and unsecured debt remain at 100%. Interest cover ratio reduced to 4.3 times, it is still healthy and higher than SREITs median level. WADE is long at 4.5 years where its highest debt maturity of 18.9% will be expiring in the year 2023. Diversification Profile No changes in its diversification profile. As a Singapore focus SREIT, CMT is not diversified in terms of geographical. Its top property, top tenant, and top 10 tenants contribute 10.6%, 3.2% and 22.1% respectively....
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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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