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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