Navigating rough waters, CapitaLand Investment can surprise shareholders by distributing units in Reits
LIKE most of its property peers, CapitaLand Investment : 9CI 0% (CLI) is facing down a tough environment amid global economic uncertainties.
But perhaps the group can surprise its investors by doing a distribution in specie of units in real estate investment trusts (Reits) that it holds.
The real estate investment manager trades at a superior book-value multiple compared with Singapore-listed property groups City Developments Limited : C09 0% (CDL) and UOL Group : U14 0%.
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