CapitaLand China Trust
SGX:AU8U

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CapitaLand China Trust
SGX:AU8U
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Price: 0.735 2.08% Market Closed
Market Cap: 1.3B

CapitaLand China Trust
Investor Relations

CapitaLand China Trust (CLCT), a prominent player in the world of real estate investment trusts (REITs), has carved out a distinct niche by deftly navigating the dynamic and often unpredictable Chinese real estate market. CLCT primarily focuses on income-producing real estate assets, with a diversified portfolio sprawling across retail, office, and industrial sectors in the key cities of China. This strategic diversity helps CLCT tap into the burgeoning urban middle class, driving demand for commercial real estate across the food and retail sectors. The Trust's investment philosophy leans on acquiring well-located properties with high growth potential and stable income, which they then manage adeptly to maximize returns. By leasing spaces within these properties, CLCT creates a consistent revenue stream, ensuring steady cash flow and income distribution to its unit holders.

Operating within the intricate tapestry of China’s urban landscape, CLCT capitalizes on the growing consumer and business activity in cities like Beijing and Shanghai. The trust's experienced management team actively cultivates strong relationships with tenants, ensuring high occupancy rates and long-term leases—key elements to its business model's success. Additionally, CLCT embraces a proactive asset enhancement strategy, investing in property upgrades and developments to boost appeal and value. This not only attracts top-rate tenants but also enables increased rental rates over time. The combination of geographical diversity, strategic asset management, and a focus on consumer-driven sectors positions CLCT to continuously navigate and weather the complexities of the real estate market while striving to deliver value to its investors.

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Earnings Calls

2024 Q3
Oct 30, 2024
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CapitaLand China Trust's Retail Sector Shows Resilience Amid Challenges
2024 Q3
Oct 30, 2024

In its latest earnings call, CapitaLand China Trust reported a 3.4% decline in revenue year-to-date, driven largely by weaker logistics and business park sectors. However, retail revenue improved by 1.6% on a comparable basis, supported by asset enhancement initiatives. Occupancy rates have stabilized near 91%, with expectations to reach 98% soon. Management anticipates a low-single-digit negative rental reversion and projects a stabilized occupancy of 80-85% for business parks. Cost of debt remains robust, expected between 2.5% to 3.6%. Overall, management is focused on capturing the rebound in consumer sentiment spurred by government stimulus measures.

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Management

Mr. Tze Wooi Tan
CEO & Executive Non-Independent Director of CapitaLand Retail China Trust Management Limited
No Bio Available
Ms. Siew Bee Tan CPA
Chief Financial Officer of CapitaLand Retail China Trust Management Ltd.
No Bio Available
Mr. Hong You
Head of Investment & Portfolio Management of CapitaLand Retail China Trust Management Limited
No Bio Available
Ms. Yu Qing Chen
Head of Investor Relations - CapitaLand Retail China Trust Management Limited
No Bio Available
Mr. Kin Leong Chan
Deputy Chief Executive Officer
No Bio Available
Ms. Cher Shing Chuo
Company Secretary of CapitaLand Retail China Trust Management Limited
No Bio Available

Contacts

Address
168 Robinson Road, #30-01 Capital Tower
Contacts
+6567132888.0
www.clct.com.sg