CapitaMall Trust 4Q2016 Financial Results Resilient Under Current Economic Headwinds

CapitaMall Trust Logo

I have previously added more of CapitaMall Trust to my stock portfolio in November 2016 which I have blogged about (My Personal Analysis of Capitaland Mall Trust). CapitaMall Trust announces its 4Q 2016 or full year 2016 results on Friday, 20th January 2017.  The financial results are within my expectation. When I mean within my expectation, I do not expect CapitaMall Trust to outperform but to be resilient under current economic headwinds.

Here is a quick summary of the 4Q2016 results compared with 4Q2015. Gross revenue fell 6.1% and Net Property Income (“NPI”) fell by 7.6%. Distribution Per Unit (“DPU”) remains flat at 2.88 cents. Read More

My Personal Analysis of Capitaland Mall Trust

CapitaMall Trust Logo

With the recent US presidential election and almost certain news that Fed will increase interest rate, prices of most REITs have fallen to attractive levels. Today, I have bought more of Capitaland Mall Trust. I have noticed that there is much retail REIT component in my stock portfolio and thus made the decision to add more of Capitaland Mall Trust. The current weakness poses an opportunity for me.

Of course, I did some basic personal analysis as below. Read More

Summary of REITs Financial Results in 1Q2016

Most or all of the REITs in my portfolio have completed announcing their 1Q2016 results. There are some hits and some misses. As shown in the table I summarized below, Distribution Per Unit (“DPU”) increases for 6 out of 11 REITS I am holding while DPU fell for the other 5.

DPU fell for those REITs that focuses on a single industry sector such as industrial, retail or office. REITs like Suntec REIT which has a combination of office and retail survived the economy downturn. Mapletree Commercial Trust did fairly well too as it has a combination of office and retail (Vivocity).

Those with overseas assets did well too. Frasers Commercial Trust has both Singapore and Australian properties. Lippo Malls Indonesia Retail Trust did well as its malls are in Indonesia.

Having said so much, I just want to highlight the importance of diversification of portfolio.

Stock Name

Date Of Release

Of

Financial Results

Dividend Per Unit (DPU)

Increase or Fall

Frasers Commercial Trust Wednesday, 20 January 2016 DPU Increase
CapitaMall Trust Friday, 15 April 2016 DPU Increase
Keppel Reit Thursday, 14 April 2016 DPU Fall
Soilbuild Business Reit Thursday, 14 April 2016 DPU Fall
Suntec REIT Thursday, 21 April 2016  DPU Increase
Mapletree Commercial Trust Tuesday, 26th April 2016   DPU Increase
Parkway Life Reit Tuesday, 26th April 2016   DPU Fall
Far East Hospitality Trust Wednesday, 27th April 2016   DPU Increase
Cambridge Industrial Trust Thursday, 28th April 2016   DPU Fall
Lippo Malls Indonesia Retail Trust Tuesday, 3rd May 2016   DPU Increase
OUE Hospitality Trust Friday, 6th May 2016 DPU Fall