CapitaLand Commercial Trust's Gallileo. (Photo: CapitaLand)

OCBC has downgraded its recommendation on CapitaLand Commercial Trust (CCT), given gains in the REIT’s unit price.

The Singapore-listed office REIT has gained 22.3% in the year-to-date (YTD), and was last done on the Singapore Exchange (SGX) at SGD2.14.

According to the Singapore REIT fundamentals chart, the REIT is currently trading at a price-to-book ratio of 1.16, with a trailing yield of 4.6%.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.