As at 2020 Second Quarter Financial Results (23 July 2020)

CapitaLand Commercial Trust (CCT) is the first and largest office REIT in Singapore, listed on 11 May 2004. It has ownership/interest in 8 properties in Singapore and 2 in Germany worth S$10.9 billion as at 30 Jun 2020.

Gross rental income
(by sector)
Percentage
Office 81%
Retail 10%
Hotel & Convention Centre 9%

 

Gross rental income
(by geographical location)
Percentage
Singapore 92%
Germany 8%
Metrics 2Q 2020 1Q 2020
Gearing Ratio
(Aggregate Leverage)
36.4% 35.5%
Weighted Average Debt to Maturity
(Average Term to Maturity)
3.4 years 3.5 years
Average Cost of Debt (p.a.) 2.2% 2.3%
Occupancy Rate 95.2% 95.1%
Weighted Average Lease Expiry
(by NLA)
5.7 years 5.8 years
Top 10 tenants
(gross rental income)
38% 37%
Top tenant
(gross rental income)
9% 8%

 

  2Q 2020 2Q 2019 1H 2020 1H 2019
Metrics S$ mil S$ mil S$ mil S$ mil
Gross Revenue 92.8 101.0 196.4 200.7
Property operating
expenses
(22.0) (22.6) (45.3) (42.6)
Net Property Income 70.8 78.4 151.1 158.2
Distributable Income 65.6 82.4 129.3 165.2
DPU 1.69c 2.20c 3.34c 4.40c

PORTFOLIO

SINGAPORE

Property NPI (%) Occupancy
2Q 2020
Occupancy
1Q 2020
Cap rate
Asia Square Tower 2 20 97.2 96.4 3.45
CapitaGreen 18 96.9 96.9 3.95
Capital Tower 13 100.0 100.0 3.55
Six Battery Road 9 78.7 78.5 3.45
21 Collyer Quay 4 100.0 100.0 3.45

 

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