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Brokers' take

Published Wed, Apr 25, 2018 · 09:50 PM

CapitaLand Commercial Trust | Accumulate April 25 close: S$1.78 Target price: S$1.88 Phillip Securities Research, April 25

LEASE renewal and interest rate refinancing risks have been largely reduced, with only 5 per cent of leases and zero debt expiring this year. Distribution per unit outlook is thus stable.

Near-term growth drivers are contributions from Asia Square Tower 2, acquired in September 2017, and the completion of CapitaSpring in 2021.

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