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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