CapitaLand China Trust (CLDHF)
CapitaLand China Trust operates in the REIT - Retail industry of the Real Estate sector, headquartered in Singapore, CE, SG. The stock last traded at $0.49, up 0.00% on the session, giving a market capitalisation of $861.0M. On trailing twelve-month figures it carries a trailing P/E of -91.22, a net margin of -2.6%. Its beta of 0.71 implies it has historically moved less than the broad market.
CapitaLand China Trust (CLCT), formerly known as CapitaLand Retail China Trust, holds the distinction of being Singapore's largest real estate investment trust (REIT) with a primary focus on the Chinese market. Following its pivotal acquisition of five new business parks and the remaining 49% stake in Rock Square, CLCT's expanded portfolio will encompass 13 shopping malls and five business park properties. This geographically diverse collection of assets commands a total gross floor area (GFA) of approximately 1.8 million square meters, strategically distributed across 11 key Chinese cities. CLCT commenced trading on the Singapore Exchange Securities Trading Limited (SGX-ST) on December 8, 2006. Its founding objective was to undertake long-term investments in a wide array of income-generating properties and real estate-related assets situated in mainland China, Hong Kong, and Macau. These holdings are predominantly utilized for retail, office, and industrial purposes, including specialized business parks, logistics facilities, data centers, and integrated developments. The trust's retail properties are strategically positioned within densely populated urban centers, boasting excellent public transport connectivity. These shopping destinations are conceived as comprehensive, family-oriented hubs, presenting a broad spectrum of lifestyle amenities. They cater to diverse consumer preferences in shopping, dining, entertainment, and essential services. CLCT's retail segment features a robust mix of over 2,000 leases, attracting renowned brands such as UNIQLO, Xiaomi, ZARA, Haidilao, Nike, Sephora, Starbucks Coffee, and Swarovski. Its extensive network of prime malls includes CapitaMall Xizhimen, Wangjing, Grand Canyon, and Shuangjing in Beijing; Rock Square in Guangzhou; CapitaMall Xinnan in Chengdu; CapitaMall Qibao in Shanghai; CapitaMall Minzhongleyuan in Wuhan; CapitaMall Saihan and Nuohemule in Hohhot; CapitaMall Xuefu and Aidemengdun in Harbin; and CapitaMall Yuhuating in Changsha. Furthermore, CLCT possesses a portfolio of five business parks located within burgeoning economic zones. These parks attract high-quality and reputable domestic and multinational corporations, particularly those operating in dynamic new economy sectors such as Electronics, Engineering, E-Commerce, Information and Communications Technology (ICT), and Financial Services. These business park properties are notable for their exceptional connectivity, offering convenient access to major transportation hubs and various transit modes. Specific properties include the Ascendas Xinsu Portfolio in Suzhou, Ascendas Innovation Towers and Ascendas Innovation Hub in Xi'an, and the Singapore-Hangzhou Science & Technology Park Phase I and Phase II in Hangzhou. CLCT is professionally managed by CapitaLand China Trust Management Limited, a wholly-owned subsidiary of the Singapore-listed CapitaLand Limited, recognized as one of Asia's largest and most diversified real estate groups.
CapitaLand China Trust is most often compared with the following Real Estate names: