Shares & Derivatives
CapitaLand China Trust sees Stellar Performance in 1H 2021 with NPI Increase of 84.4 Per Cent YoY
By Rolf Suey - Invest in Yourself  •  August 1, 2021
CapitaLand China Trust (CLCT)’s Singapore’s largest China-focused REIT announced its 1H2021 result this week. CLCT’s portfolio constitutes 11 shopping malls and five business park properties with diversified portfolio of total GFA approx. 1.7 million sqm located across 10 Chinese cities. It was a set of strong figures. 1H2021 distributable income (DI) and Net Property Income (NPI) rose yoy by 72.9% and 84.4% respectively. The yoy growth rates in DI and NPI were the highest since CLCT’s listing in 2006. DPU also rose 40.1% to 4.23 cents compared to 3.02 cents for 1H2020. Unitholders are expecting to receive 1H 2021 DPU on 27 Sep 2021 based on Record Date of 6 Aug 2021. From CLCT press release: “This was mainly due to new contribution from its business park portfolio1 , 100% contribution from Rock Square 2 and new contribution from CapitaMall Nuohemule3 , partially offset by the absence of contribution from CapitaMall Minzhongleyuan and CapitaMall Saihan following their divestment on 10 Feb and 7 Jun 2021 respectively....
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By Rolf Suey - Invest in Yourself
I am a Singaporean, born in the late 1970s experiencing mid-life career crisis at time of writing this blog. One reason to start blogging at an older age, is to break my own comfort zone. While it can be considered late, it is "Better Late Than Never" ...
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