Dividend yield of Capitaland Retail China Trust (CRCT) is currently 7.7%, based on last 12 months trailing dividend distribution. I find this highly attractive as it is even higher than the 5.9% – 7.6% yield range that it has historically traded at. CRCT’s share price closed at $1.36 on Friday. We have to go back to 2016 to find the last time CRCT share price was at this level. If we look at the price trend of CRCT in recent years (i.e. 2014 onwards), the current price level seems to be the support and it doesn’t go down much further than this before it will rebound.
Hence, besides Starhill Global Reit, I am also eager watching CRCT’s result announcement on coming Tuesday to see if its business profitability and operational cash flow are still intact. These two are crucial to CRCT’s ability to maintain dividends going forward. I hope everything is ok as CRCT is one of my major dividend contributors.
For some of you who may not be familiar with CapitaLand Retail China Trust, it is a Singapore-based real estate investment trust (“REIT”) established with the objective of investing on a long-term basis in a diversified portfolio of income-producing real estate used primarily for retail purposes and located in China.
I realised that I have not done 2 things diligently of late.
One is to update the dividend distribution table for Q4 2018. I am at least 3 days late for that. If you are interested to access it, you can locate it HERE.
The other thing is that I have not formally welcomed 18 new subscribers to this blog since I last did the welcome of new subscribers 2 months ago.
In total, I am humbled and privileged to have regular 126 subscribers now.
Thank you for your support.
Have a great investment week ahead.