Morningstar - CapitaLand Limited (C31) CapitaLand Further Diversifies by Acquiring Multifamily Properties in the U.S.

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Morningstar

Michael Wu

EUR 100.00 For Business Accounts Only

CapitaLand Further Diversifies by Acquiring Multifamily Properties in the U.S.

Narrow-moat CapitaLand has further diversified away from its core geographies in Singapore and China by acquiring 16 multifamily properties in the United States, consisting of 3,787 units, for USD 835 million, or SGD 1.14 billion. The residential units, equating to USD 220,000 per unit, are spread across Seattle, Portland, Denver, and Greater Los Angeles. The average occupancy level is 90%, generally with a short vacancy period between tenants relative to other property types. The average length...

18/09/2018 13 EN

Underlying

CapitaLand Limited

CapitaLand is a real estate company based in Singapore. Co. is engaged in real estate development, investment in real estate, financial products and real estate assets, investment advisory and management services as well as management of serviced residences. Co.'s real estate portfolio includes integrated developments, shopping malls, serviced residences, offices and homes. Co.'s two core markets are Singapore and China. Co. maintains a real estate fund management businesses with assets located in Asia. Co.'s listed real estate investment trusts are: Ascott Residence Trust, CapitaLand Commercial Trust, CapitaLand Mall Trust, CapitaLand Retail China Trust and CapitaMalls Malaysia Trust.

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SG1J27887962 Singapore Exchange Singapore

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Michael Wu

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CapitaLand Further Diversifies by Acquiring Multifamily Properties in the U.S.

Henderson Land Development Co Ltd - Company Profile and SWOT Analysis

CICT Placement

Strategy - Imminent changes to MSCI Singapore weightings

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

Astra Posts Solid 2Q, Driven by Strong Cancer Drug Sales and Moving Away From One-Time Divestments

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