Back 23 Jun 2025

CapitaLand China Trust Highlights Stable Performance and Strategic Growth at Citi 2025 Asia Pacific Property Conference

Link: https://links.sgx.com/1.0.0/corporate-announcements/48SVOV82NB6L6DCJ/a02dd9595cb0b60f2c2f5cf3272c7eaf41b91bd58d7237a2b4b1b607b1670c05

Summary:

  • Strong Retail Asset Performance:
    11 of 13 malls have committed occupancy above 90%, with tenant diversification—top 10 tenants contribute just 17.1% of gross rental income.

  • Well-Balanced Portfolio:
    Retail (55.5%), logistics (18.7%), and business parks (25.8%) by asset value—geographically and sectorally diversified.

  • Retail Repositioning in Focus:
    Ongoing tenant remixing, experiential retail strategies, and space optimization to stay competitive and relevant.

  • Scalable Logistics Strategy:
    High occupancy at 95.6% with targeted cost efficiency and operational streamlining to boost returns.

  • Resilient Business Parks Strategy:
    Assets positioned in innovation clusters targeting tech, green energy, and biomedical tenants.

  • Disciplined Capital Management:
    71.7% of borrowings in onshore RMB; gearing at 40.1%; no major debt due in 2025; proactive interest rate management.

  • Clear ESG Commitment:
    Solar panel installations across logistics parks, green certifications, and energy-saving measures being implemented.

  • Forward Strategy:
    Focused on accretive acquisitions in Tier 1 and 2 cities and selective capital recycling to enhance long-term portfolio performance.