
2 reasons why CapitaCommercial Trust is well positioned for growth
Positive rental reversions, healthy balance sheet.
CapitaCommercial said that it is well positioned for growth because the positive rental reversions signed in 2013 will contribute fully in 2013, while its healthy balance sheet provides financial flexibility to seize growth opportunities.
The company revealed these two growth catalysts when it unveiled its investor presentation for North American investors to be held next week.
Expounding on the catalysts, CCT said its monthly average office portfolio rent for the third quarter is now at S$8.03 psf, up 0.9% from the second quarter.
Meanwhile, CCT enjoys a low gearing of 29.5% and healthy debt headroom of S$1.2 billion (assuming 40% gearing), which should help the property trust consider more acquisitions.