CAPITACOMMERCIAL Trust has posted a distributable income of $54.3 million for the first quarter of 2010, up 19.7 per cent from the same period a year ago. Reflecting the resilience of its portfolio, committed occupancy rate rose to 95.1 per cent for the quarter from 94.8 per cent for the fourth quarter of last year. Its Grade A office committed occupancy rate also rose to 99.1 per cent from 98.7 per...
CapitaCommercial Trust
CAPITACOMMERCIAL Trust (CCT) posted a total distributable income of $54.3 million for the three months ended on March 31, up 19.7 per cent from the same period last year. The real estate investment trust owns a portfolio of high-value commercial buildings with a major emphasis on office buildings. First quarter distribution per unit was 1.93 cents, up from 1.62 cents in the same period last year -...
CapitaCommercial Trust (CCT) on Friday reported that its first quarter distribution per unit (DPU) stood at 1.93 cents. CCT said the DPU, which has been adjusted for rights issue, is 19.1 per cent higher than the 1.62 cents achieved a year ago. Distributable income for the three months ended March 31 rose 19.7 per cent to S$54.3 million. CCT said higher rental contribution from the trust's properties...
WE refer to the article 'Qatar SWF snaps up top Singapore hotel' (BT, April 7). While the article states that Qatari Diar has acquired a stake in the Fairmont Raffles hotel chain, it implied that Fairmont Raffles will also take ownership of one of the chain's Singapore hotels - namely Swissotel The Stamford, Fairmont Singapore and Raffles Hotel. Swissotel The Stamford and Fairmont Singapore are hotels...
It provides flexibility for acquisitions and asset enhancement initiatives: Goldman CAPITACOMMERCIAL Trust's (CCT) second major fund-raising exercise in less than a year could pave the way for the office landlord to improve its portfolio, analysts said. The trust on Wednesday said that it will issue $225 million worth of convertible bonds and use 75-90 per cent of the proceeds to enhance its assets and...
Most of the funds to be used for asset enhancement and debt refinancing CAPITACOMMERCIAL Trust (CCT) is planning to raise at least $225 million and up to $250 million through a five-year convertible bond issue to be placed with institutional and accredited investors. The office Reit, which is partly owned by CapitaLand, plans to use most of the funds (75-90 per cent) for 'asset enhancement and...
CapitaCommercial Trust is proposing to issue at least S$225 million in convertible bonds due in 2015. The bonds are being offered to institutional investors and accredited investors. CCT said the size of the issue may be increased by up to S$25 million within the next 30 days, thereby raising total proceeds of up to S$250 million. Pricing is expected later, after a book-building exercise. CCT said the...
CapitaCommercial Trust (CCT) said it will pay 1.88 Singapore cents per unit for its fiscal fourth quarter. The distribution per unit is 38 per cent higher than a year ago, after adjusting for a rights issue last year. The commercial rental market improved over the course of 2009, resulting in higher rental income for CCT from positive rent reversions. The acquisition of Wilkie Edge office building in...
CapitaCommercial Trust (CCT) will receive a total of S$9.3 million from Capitaland Commercial Limited (CCL). The money for the year ended 31 December 2009 is the yield protection amount in relation to the property, One George Street. CCT had bought the asset from CCL and under the terms of the deal, CCL agreed to provide a yield protection to CCT if it falls below a certain amount. As the net property...
The manager of CapitaCommercial Trust said it has appointed a new head of Finance. The current Finance head, Edward Bin, is being transferred to CapitaLand Commercial to assume the role of vice president of Finance. He will be replaced at CCT by Annie Chua, who is currently the Reit's deputy head of finance. CCT said she is an experienced finance professional who's 20 years in finance and treasury...