CapitaLand Integrated Commercial Trust (CICT)

[Dividend Warrior]

West Gate construction on schedule to be completed by December 2013.

Looking good!


Photo courtesy of skyscrapercity.com

[Dividend Warrior]

Results are out.

http://infopub.sgx.com/FileOpen/CMT2Q201...eID=248369

[CityFarmer]

Office rents ‘set to soar next year’

SINGAPORE — Office rents in Singapore are expected to surge next year after extending a “modest” rebound that started in the second quarter, according to the biggest office trust in Asia outside Japan.

The recovery will be led by companies seeking to set up regional headquarters in Singapore as they face the lowest supply in office space here in two decades, Ms Lynette Leong, Chief Executive of the manager for CapitaCommercial Trust (CCT), said yesterday on Bloomberg TV.

http://www.todayonline.com/business/offi...-next-year

[LionFlyer]

http://www.channelnewsasia.com/news/busi...81952.html

hmm.. how did they end up with CapitalMallAsia?

[Dividend Warrior]

http://www.channelnewsasia.com/news/busi...81952.html

hmm.. how did they end up with CapitalMallAsia?

The same way they ended up with Capitaland in Iskandar.

[Image: Waterfront-Township-Iskandar.jpg]

[Temperament]

http://www.channelnewsasia.com/news/busi...81952.html

hmm.. how did they end up with CapitalMallAsia?

The same way they ended up with Capitaland in Iskandar.

[Image: Waterfront-Township-Iskandar.jpg]

Ha! Ha!
A good one. "POW CHIAT ONE" they will choppe first.

[Muck]

Liew Mun Leong? That's the common denominator I'm aware of.

[mkmk]

Financial Statement: http://infopub.sgx.com/FileOpen/CCT_3Q13...eID=260179

Press Release: http://infopub.sgx.com/FileOpen/CCT_3Q_2...eID=260180

3Q13 Results

CapitaCommercial Trust Management Limited, the Manager of CapitaCommercial Trust (CCT or Trust), is pleased to report a distributable income of S$58.8 million for the financial quarter ended 30 September 2013 (3Q 2013), which was 1.6 per cent more than the S$57.9 million reported in 3Q 2012. This was largely due to lower interest expenses in 3Q 2013 and distribution of tax-exempt 1H 2013 distributable income received from Quill Capita Trust. The estimated distribution per unit (DPU) of 2.041 cents for 3Q 2013, together with the DPU for 4Q 2013, will be paid out in February 2014 as CCT distributes semi-annually. Based on CCT’s closing price per unit of S$1.42 on 17 October 2013, CCT’s distribution yield is 5.7 per cent.

The gross revenue of S$94.9 million in 3Q 2013 was only marginally lower than the S$95.5 million achieved in 3Q 2012. Higher revenue from Six Battery Road and Raffles City Singapore compensated for the lower income contribution from Capital Tower due to its lower occupancy, and for the cessation of yield protection income for One George Street from 10 July 2013. Lower revenue and higher operating expenses resulted in a net property income of S$72.6 million in 3Q 2013, a decrease of 3.5 per cent from S$75.2 million in 3Q 2012. However, the portfolio operating margin was still within the range of 75.0 per cent to 80.0 per cent achieved by CCT in the past.

(not vested)

[MINX]

Financial Statement: http://infopub.sgx.com/FileOpen/CCT_3Q13...eID=260179

Press Release: http://infopub.sgx.com/FileOpen/CCT_3Q_2...eID=260180

3Q13 Results

CapitaCommercial Trust Management Limited, the Manager of CapitaCommercial Trust (CCT or Trust), is pleased to report a distributable income of S$58.8 million for the financial quarter ended 30 September 2013 (3Q 2013), which was 1.6 per cent more than the S$57.9 million reported in 3Q 2012. This was largely due to lower interest expenses in 3Q 2013 and distribution of tax-exempt 1H 2013 distributable income received from Quill Capita Trust. The estimated distribution per unit (DPU) of 2.041 cents for 3Q 2013, together with the DPU for 4Q 2013, will be paid out in February 2014 as CCT distributes semi-annually. Based on CCT’s closing price per unit of S$1.42 on 17 October 2013, CCT’s distribution yield is 5.7 per cent.

The gross revenue of S$94.9 million in 3Q 2013 was only marginally lower than the S$95.5 million achieved in 3Q 2012. Higher revenue from Six Battery Road and Raffles City Singapore compensated for the lower income contribution from Capital Tower due to its lower occupancy, and for the cessation of yield protection income for One George Street from 10 July 2013. Lower revenue and higher operating expenses resulted in a net property income of S$72.6 million in 3Q 2013, a decrease of 3.5 per cent from S$75.2 million in 3Q 2012. However, the portfolio operating margin was still within the range of 75.0 per cent to 80.0 per cent achieved by CCT in the past.

(not vested)

If you like some exposure to the Singapore office market, CCT is the REIT to go for. It has a sizeable portfolio, is well managed, pays a decent dividend and is not over leveraged. It has growth potential via it's sponsor's portfolio, CapitaGreen, Westgate office to name a few.

[mkmk]

Financial Results: http://infopub.sgx.com/FileOpen/CMT3Q201...eID=260871

News Release: http://infopub.sgx.com/FileOpen/CMT3Q201...eID=260870

Presentation Slides: http://infopub.sgx.com/FileOpen/CMT3Q201...eID=260874

CMT’s 3Q 2013 distributable income up 9.7% year-on-year
- DPU of 2.56 cents representys a 5.8% increase over the 2.42 cents for 3Q 2012.

- 3Q 2013 Net Property Income up 12.9% year-on-year

- Tampines Mall to begin asset enhancement works in 1Q 2014

(not vested)