CapitaLand China Trust (CLCT) is Singapore’s first and largest China-focused REIT. It currently owns a portfolio of 11 retail properties, 5 business parks, and 4 logistics properties located across 12 cities in China. As of 31 December 2021, its portfolio was valued at S$4.9 billion. With its assets located in the most populous nation in the world, CLCT’s long-term growth potential remains promising. However, China’s zero-COVID strategy is likely to slow the country’s eventual exit from the pandemic. How will CLCT navigate itself amid the uncertainty and lockdowns? I attended its recent 2022 annual general meeting to learn more. Here are eight things I learned from the 2022 CapitaLand China Trust AGM. 1. Net property income grew 85.2% to S$250.4 million in FY2021. This is the CLCT’s highest NPI since its listing in in 2006. The growth in NPI is mainly due to the completed acquisitions of five business parks and four logistics parks during the year....