A lot of you have asked me for my views on CapitaLand China Trust recently.
This CapitaLand sponsored REIT has dropped 35% this year alone.
At this price, it trades at a 9.2% dividend yield, and 40%+ discount to book.
Yes, no doubt there is China risk as the portfolio is 100% mainland China.
But at this price, is the risk-reward worth it?
Full disclosure that I hold a position in CapitaLand China Trust, so I was quite keen to take an updated look and decide if I want to average into the position.
CapitaLand China Trust trades at 2009 lows
For the record – yes I know the name of this REIT is CapitaLand China Trust (CapitaLand Retail China Trust before the name change after they bought business park / logistics assets).
You can see the price charts below.
This CapitaLand China REIT is down 45% from post-COVID highs, and 35% from Jan 2023 highs:
In fact if you pull up the chart since IPO....
