The Business Times
business-time-50
HOCK LOCK SIEW
·
SUBSCRIBERS

Navigating rough waters, CapitaLand Investment can surprise shareholders by distributing units in Reits

google-preferred-sourceAdd BT as a preferred source
Leslie Yee

Leslie Yee

Published Thu, Jan 26, 2023 · 05:50 AM
    • While CapitaLand Investment navigates choppy waters, there is room for the group to surprise shareholders by distributing units of listed trusts that it owns.
    • While CapitaLand Investment navigates choppy waters, there is room for the group to surprise shareholders by distributing units of listed trusts that it owns. PHOTO: BT FILE

    LIKE most of its property peers, CapitaLand Investment (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 (CDL) and UOL Group .

    Hock Lock SiewReitsS-ReitsSingapore propertyCapitaLand Investment

    TRENDING NOW

    KSL's Khoo Lee Feng says it is "not so much what you study, but how you learn".

    Johor property old hand KSL readies family handover amid market boom

    More than 95% of Seatrium's net order book comprises "series-build" projects.

    Seatrium eyes S$28 billion in project opportunities amid global race for energy security

    China has launched the biggest shake-up of its cross-border tax system in decades, threatening three popular brokers with at least US$330 million of penalties.

    China targets offshore billions in biggest crackdown in decades

    Terence Wong, founder and CEO of Azure Capital (left), with Trek 2000 executive chairman and group president Wayne Tan.

    Trek 2000 shares jump 26% after Osim founder Ron Sim drops claims, sells 7.3% stake to Azure Capital

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More