Singapore Stock Market News

Cambridge Industrial Trust - Brewing Headwinds

StockFanatic
Publish date: Fri, 23 Oct 2015, 11:37 AM
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Property conversions to cause headwinds to occupancy rates
Property conversions (from single-tenanted properties to multi-tenanted ones when the leases expire over FY15-16F account for c.18.6% of revenues. This may mean downside to top line in the near term, given the expected loss of property efficiency and higher vacancy rates when these conversions take place. As such, we forecast CREIT to deliver c.1% CAGR in DPU over FY15-17F.
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