CORPORATE INFORMATION
CIT is a Singapore-based industrial real estate investment
trust (“REIT”), principally investing directly or indirectly
in income-producing real estate and real estate related
assets in Singapore, which are used primarily for
industrial, warehousing and logistic purposes.
CIT was constituted on 31 March 2006 under a trust deed
(as amended), entered into between the CIT Manager
(“CITM” or “the Manager”) and the CIT Trustee. CIT
was officially listed on the Mainboard of the Singapore
Exchange Securities Trading Limited (“SGX-ST”) since
25 July 2006 (the “Listing Date”) and had a market
capitalisation of S$865 million as at 31 December 2014.
Since the Listing Date, CIT has grown its initial portfolio of
27 properties to a portfolio comprising 50 properties (“the
Properties”) located across Singapore, with a total gross
floor area (“GFA”) of 8.4 million square feet (“sq ft”) and a
property value of S$1.37 billion as at 31 December 2014.
They range from logistics, warehousing, light industrial,
general industrial, car showroom and workshop to
business park properties, which are located close to
major transportation hubs and key industrial zones
island-wide.
The Manager’s objective is to provide Unitholders with
a secure and stable distribution and achieve long-term
growth in net asset value (“NAV”) per unit through the
successful implementation of the following strategies:
• Acquisition of value-enhancing properties;
• Pro-active asset management;
• Divestment of non-core properties; and
• Prudent capital and risk management
CIT has a credit rating of BBB-/Stable/-- which was
assigned by Standard & Poor’s on 27 August 2009 and
has been reaffirmed annually since 2011, with the latest
being on 6 June 2014.
S$77.8 Million
NET PROPERTY INCOME
S$63.0 Million
DISTRIBUTABLE AMOUNT
68.1 cents
NET ASSET VALUE PER UNIT
5.004 cents
DISTRIBUTION PER UNIT
