Capitaland Mall Trust (CMT)

Units in CMT and CCT closed flat at $1.96 and $1.68 respectively on September 3.

As shoppers appear to be flocking back in search of attractive bargains, the performance of real estate investment trusts (REITs) that own suburban malls is likely to improve, according to DBS Group Research.

As at 10.04, units in CMT were trading 4 cents higher, or 2.1% up, at $1.94. Units in CCT were trading 2 cents higher, or 1.2% up, at $1.66.

While most analysts have turned sanguine on CapitaLand Mall Trust (CMT), RHB Securities is less optimistic.

Following the anticipated weak 1H20 results of CapitaLand Mall Trust (CMT) that have largely come within expectations, things are looking up for the trust amid signs of broad based recovery.

CEO of CMT’s manager Tony Tan says the group has chosen to retain the balance $46.4 million of taxable distributable income from 1Q20 after releasing $23.2 million in 2Q20, as CMT maintains a “cautious view of near-term market conditions”.

“We think that the present yield differential gap is too wide to be ignored and puts CMT at a better value at its current trading price as compared to FCT,” DBS analyst Derek Tan and the research team write in a note dated July 7.

SINGAPORE (June 25): As retail businesses and F&B outlets have resumed operations in Phase 2 of the reopening of Singapore’s economy, new opportunities in the real estate investment trusts (REITs) sector have appeared.

The earlier-than-expected reopening of phase 2 that will take place this Friday (June 19) came as a “positive surprise” for the retail sector, according to DBS analyst Derek Tan and the Singapore research team.

The manager of CapitaLand Mall Trust (CMT) announced that it will be granting rental waivers for June to qualifying small and medium enterprises (SMEs) following the passing of the Covid-19 (Temporary Measures) (Amendment) Bill.