CapLand IntCom T    Last:2.24    -0.03

CapitaLand Integrated Commercial Trust s(SGX:C38U)

indeed it is... it is a good time to accumulate some MCT before the price stagnates further...

PhillipTan      ( Date: 12-Jan-2022 11:53) Posted: The very reason why the MCT and MNAC merger is so not welcomed Price for MCT crashed so much, MNAC too Can also view it as a chance to buy cheap lol   darkpoliticks      ( Date: 12-Jan-2022 11:24) Posted: god no. the risk-return profile for each reit is so different

 

The very reason why the MCT and MNAC merger is so not welcomed
Price for MCT crashed so much, MNAC too
Can also view it as a chance to buy cheap lol
 

darkpoliticks      ( Date: 12-Jan-2022 11:24) Posted: god no. the risk-return profile for each reit is so different! royeko      ( Date: 08-Jan-2022 10:51) Posted: Just thinking out loud. My rationale could be wrong....  - CLCT may now need to reduce its concentration risks in China in view of the policy uncertainties there - CICT may need to speed up the process of pivoting to in-demand " new economy" sectors such as data centres and e-commerce logistics which CLCT has already started pivoting towards in China, an economy that is still booming and charging towards to become the biggest in the world.  - Both Reits may need to further &ldquo scale up&rdquo to lower their cost of capital and stay attractive to big foreign funds.  In the above context, does a CLCT + CICT merger make sense?

 

god no. the risk-return profile for each reit is so different!

royeko      ( Date: 08-Jan-2022 10:51) Posted: Just thinking out loud. My rationale could be wrong....  - CLCT may now need to reduce its concentration risks in China in view of the policy uncertainties there - CICT may need to speed up the process of pivoting to in-demand " new economy" sectors such as data centres and e-commerce logistics which CLCT has already started pivoting towards in China, an economy that is still booming and charging towards to become the biggest in the world.  - Both Reits may need to further &ldquo scale up&rdquo to lower their cost of capital and stay attractive to big foreign funds.  In the above context, does a CLCT + CICT merger make sense?

 

current market is acting on interest rate raised.
banks are raising in anticipation of nim expansion. reits are being punished for higher interest payment later.
later market will realised, that covi-19 opening , vtl  will lead to increase footfall and inflation to higher rental. which will be more then increased interest payment. reporting seasons and wee will see the results soon. sph reits already said occupancy increased.
those business that has strong pricing power and is able to pass on the inflation effect will gain most.

 

 

CMT and CCT already merged to become CICT less than one and half years ago
Still merge some more?
After merge with the CLCT? Merge with CLI?
Lol
 

royeko      ( Date: 07-Jan-2022 16:15) Posted: Hello Folks, Looking at the merger of MCT and MNACT. Just wondering if CICT and CLCT will follow suit.... What do u guys think? Are there strong reasons for them to do so (or not to do so)?

 

Hello Folks,
Looking at the merger of MCT and MNACT.
Just wondering if CICT and CLCT will follow suit....
What do u guys think? Are there strong reasons for them to do so (or not to do so)?
 

 

the number of tesla on the road is increasingly visible. as well as other electric vehicle. 
time to install charging stations in the numerous car park own to increase revenue via sale of electricity.
 

 

Merry Xmas and A Happy Huat Year 2022 to all Bros & Sis!

 

First quarter is too late for fund raising, private placement or rights. It' s more on bank loans. 
they are not going to incur shareholders ire by diluting the shares further. 

halleluyah      ( Date: 24-Dec-2021 10:05) Posted: rights issue coming ??? Stocky901      ( Date: 24-Dec-2021 09:46) Posted: Followed by funds raising soon?

 

Think before the latest fund raising they say raise debt and so on.  In the end, did placement.  So, wait for a bit to see got delayed announcement or not.

Lobster      ( Date: 24-Dec-2021 10:50) Posted: Walau, you never read the part I highlighted in red and bold? No fund raising la..... halleluyah      ( Date: 24-Dec-2021 10:05) Posted: rights issue coming ??

 

Walau, you never read the part I highlighted in red and bold? No fund raising la.....

halleluyah      ( Date: 24-Dec-2021 10:05) Posted: rights issue coming ??? Stocky901      ( Date: 24-Dec-2021 09:46) Posted: Followed by funds raising soon?

 

rights issue coming ???

Stocky901      ( Date: 24-Dec-2021 09:46) Posted: Followed by funds raising soon? Lobster      ( Date: 23-Dec-2021 20:04) Posted: Like no tomorrow...... CICT acquires 3rd Sydney property for A$422m CAPITALAND Integrated Commercial Trust' s (CICT) manager has entered into an agreement to acquire a 50 per cent interest in an integrated development in Sydney, Australia for A$422 million (S$409.3 million) The move comes shortly after CICT acquired 2 office buildings for A$330.7m earlier this month, as it looks to make further inroads into Australia. The country is its second overseas developed market after Germany. The property, named 101 Miller Street and Greenwood Plaza, is an integrated development with a premium grade office tower and retail space in North Sydney' s central business district, said Tony Tan, chief executive of CICT' s manager, in a statement on Thursday (Dec 23). " (The acquisition) will strategically augment our presence in Sydney, where we have embarked on acquiring 66 Goulburn Street and 100 Arthur Street. The total investment of approximately A$1.1 billion in the 3 Sydney properties will provide CICT with a new engine of growth in a developed market with strong fundamentals, and the potential to ride on the city' s gradual recovery and rejuvenation in the mid to long term," Tan added. Post-acquisition, the 3 assets in Australia will account for about 5 per cent of CICT' s pro forma portfolio property value. Some 91 per cent of the enlarged portfolio by property value will be based in Singapore, while properties in Frankfurt and Sydney make up the rest. The purchase price, negotiated on a willing-buyer willing-seller basis, is in line with an independent valuation commissioned by the manager of CICT. The property has a yield of 4.9 per cent, based on its annualised net property income (NPI) in the first half of this year, and a passing NPI yield of 5.6 per cent. CICT' s total acquisition outlay is about A$454.4 million, consisting of the purchase price of A$422.0 million, other expenses of A$28.2 million and acquisition fees of A$4.2 million. This will be funded by a combination of debt, divestment proceeds and remaining proceeds of about S$95.9 million from a private placement that closed on Dec 8. The acquisition is expected to be completed in the first quarter of 2022. Assuming that the transaction was completed on Jan 1, 2021 and the property was held and operated till June 30, 2021, the distribution per unit (DPU) accretion is expected to be 1.0 per cent, according to pro forma estimates. The 3 Sydney assets are expected to provide a pro forma annualised combined first half 2021 DPU accretion of 2.8 per cent. The property has a committed occupancy of 94.9 per cent as at Oct 20, 2021, with a weighted average lease expiry (WALE) of 3.6 years, based on committed monthly gross rental income.Tenants come from government, financial services and insurance sectors. It is a freehold property comprising a 28-storey premium grade office tower, a 2-storey office building and a retail centre. The property has a total net lettable area of 46,403 sqm. Post acquisitions of the three Australian properties, CICT' s pro forma aggregate leverage will be about 41 per cent, the Reit manager added.

 

Followed by funds raising soon?

Lobster      ( Date: 23-Dec-2021 20:04) Posted: Like no tomorrow...... CICT acquires 3rd Sydney property for A$422m CAPITALAND Integrated Commercial Trust' s (CICT) manager has entered into an agreement to acquire a 50 per cent interest in an integrated development in Sydney, Australia for A$422 million (S$409.3 million) The move comes shortly after CICT acquired 2 office buildings for A$330.7m earlier this month, as it looks to make further inroads into Australia. The country is its second overseas developed market after Germany. The property, named 101 Miller Street and Greenwood Plaza, is an integrated development with a premium grade office tower and retail space in North Sydney' s central business district, said Tony Tan, chief executive of CICT' s manager, in a statement on Thursday (Dec 23). " (The acquisition) will strategically augment our presence in Sydney, where we have embarked on acquiring 66 Goulburn Street and 100 Arthur Street. The total investment of approximately A$1.1 billion in the 3 Sydney properties will provide CICT with a new engine of growth in a developed market with strong fundamentals, and the potential to ride on the city' s gradual recovery and rejuvenation in the mid to long term," Tan added. Post-acquisition, the 3 assets in Australia will account for about 5 per cent of CICT' s pro forma portfolio property value. Some 91 per cent of the enlarged portfolio by property value will be based in Singapore, while properties in Frankfurt and Sydney make up the rest. The purchase price, negotiated on a willing-buyer willing-seller basis, is in line with an independent valuation commissioned by the manager of CICT. The property has a yield of 4.9 per cent, based on its annualised net property income (NPI) in the first half of this year, and a passing NPI yield of 5.6 per cent. CICT' s total acquisition outlay is about A$454.4 million, consisting of the purchase price of A$422.0 million, other expenses of A$28.2 million and acquisition fees of A$4.2 million. This will be funded by a combination of debt, divestment proceeds and remaining proceeds of about S$95.9 million from a private placement that closed on Dec 8. The acquisition is expected to be completed in the first quarter of 2022. Assuming that the transaction was completed on Jan 1, 2021 and the property was held and operated till June 30, 2021, the distribution per unit (DPU) accretion is expected to be 1.0 per cent, according to pro forma estimates. The 3 Sydney assets are expected to provide a pro forma annualised combined first half 2021 DPU accretion of 2.8 per cent. The property has a committed occupancy of 94.9 per cent as at Oct 20, 2021, with a weighted average lease expiry (WALE) of 3.6 years, based on committed monthly gross rental income.Tenants come from government, financial services and insurance sectors. It is a freehold property comprising a 28-storey premium grade office tower, a 2-storey office building and a retail centre. The property has a total net lettable area of 46,403 sqm. Post acquisitions of the three Australian properties, CICT' s pro forma aggregate leverage will be about 41 per cent, the Reit manager added.

 

 

CICT into the Australian property market, I think is a good move. 

 

Like no tomorrow......

CICT acquires 3rd Sydney property for A$422m

CAPITALAND Integrated Commercial Trust' s (CICT) manager has entered into an agreement to acquire a 50 per cent interest in an integrated development in Sydney, Australia for A$422 million (S$409.3 million)

The move comes shortly after CICT acquired 2 office buildings for A$330.7m earlier this month, as it looks to make further inroads into Australia. The country is its second overseas developed market after Germany.

The property, named 101 Miller Street and Greenwood Plaza, is an integrated development with a premium grade office tower and retail space in North Sydney' s central business district, said Tony Tan, chief executive of CICT' s manager, in a statement on Thursday (Dec 23).

" (The acquisition) will strategically augment our presence in Sydney, where we have embarked on acquiring 66 Goulburn Street and 100 Arthur Street. The total investment of approximately A$1.1 billion in the 3 Sydney properties will provide CICT with a new engine of growth in a developed market with strong fundamentals, and the potential to ride on the city' s gradual recovery and rejuvenation in the mid to long term," Tan added.

Post-acquisition, the 3 assets in Australia will account for about 5 per cent of CICT' s pro forma portfolio property value. Some 91 per cent of the enlarged portfolio by property value will be based in Singapore, while properties in Frankfurt and Sydney make up the rest.

The purchase price, negotiated on a willing-buyer willing-seller basis, is in line with an independent valuation commissioned by the manager of CICT. The property has a yield of 4.9 per cent, based on its annualised net property income (NPI) in the first half of this year, and a passing NPI yield of 5.6 per cent.

CICT' s total acquisition outlay is about A$454.4 million, consisting of the purchase price of A$422.0 million, other expenses of A$28.2 million and acquisition fees of A$4.2 million. This will be funded by a combination of debt, divestment proceeds and remaining proceeds of about S$95.9 million from a private placement that closed on Dec 8. The acquisition is expected to be completed in the first quarter of 2022.

Assuming that the transaction was completed on Jan 1, 2021 and the property was held and operated till June 30, 2021, the distribution per unit (DPU) accretion is expected to be 1.0 per cent, according to pro forma estimates.

The 3 Sydney assets are expected to provide a pro forma annualised combined first half 2021 DPU accretion of 2.8 per cent.

The property has a committed occupancy of 94.9 per cent as at Oct 20, 2021, with a weighted average lease expiry (WALE) of 3.6 years, based on committed monthly gross rental income.Tenants come from government, financial services and insurance sectors.

It is a freehold property comprising a 28-storey premium grade office tower, a 2-storey office building and a retail centre. The property has a total net lettable area of 46,403 sqm.

Post acquisitions of the three Australian properties, CICT' s pro forma aggregate leverage will be about 41 per cent, the Reit manager added.

 

 

1.99 now. What say you?

halleluyah      ( Date: 22-Dec-2021 09:04) Posted: Waiting fr 1.91/1.93....

 

$2.00 by this weekend?

 

yummy..... 

invest8      ( Date: 08-Dec-2021 10:18) Posted: Very disappointed, only mini-sale no great sale. Hopefully greater sale later today..  invest8      ( Date: 07-Dec-2021 23:31) Posted: Shopping bag ready, hope able to buy some great bargains tomorrow. Festive seasons is here, it' s shopping time!