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What does 2012 hold for CapitaCommercial Trust?
CCT can limit a downside leasing risk as only 7.9% of its office leases by portfolio gross rental income is due for renewal.
According to CCT, this will also mean that a decline in market rents will have limited impact on CCT’s office rental revenue in 2012.
The company also reported that it already secured the project financing for Market Street development so there is no funding concern.
CCT will also mitigate negative rent reversions from office’s income with 36% of gross rental income contributed by retail and hotel and convention centre income (60% interest in Raffles City Singapore).
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