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.
Needless to say, the financials of Capitaland Mall Trust is pretty solid to me. In current economic conditions, Capitaland Mall Trust still managed to achieve a Net Property Income (NPI) growth of 6.8% year on year.
Distribution for 3Q 2015 included the release of S$8.0 million of taxable income retained in 1Q 2015. Excluding this, 3Q 2016 distributable ...