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CapitaCommercial Trust - Most expensive office REIT

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Publish date: Thu, 23 Apr 2015, 11:13 AM
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■ 1Q15 DPU in line at 24% of FY15E. Better portfolio occupancy. 2% rental uptick. CapitaGreen now 76.4% committed at better rents.

■ Option to acquire remainder of CapitaGreen priced in. Most expensive office REIT.

Maintain HOLD with DDM-based TP of SGD1.77. Prefer Keppel REIT in office sector.
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