CapitaLand Integrated Commercial Trust - Maybank Research 2024-04-21: 1Q24 Update A Mixed Bag

• While the macro outlook is uncertain, CapitaLand Integrated Commercial Trust’s Singapore-centric resilient earnings profile, strong credit and FY24E 5.9% yield provide comfort. Maintain BUY.

Growing top line

• - Read this at SGinvestors.io -

Strong reversions, but lower occupancy

• Portfolio occupancy was 97.0% vs 97.3% in prior quarter. While retail and integrated developments saw occupancy inching up, office occupancy slipped by a percentage point led by Capita Green. CapitaLand Integrated Commercial Trust's management indicated vacancy is likely to be transitory.
• - Read this at SGinvestors.io -

Upbeat on reversions

• Read more at SGinvestors.io.

Above is an excerpt from a report by Maybank Research.
Clients of Maybank Securities may be the first to access the full PDF report @ https://www.maybanktrade.com.sg/.

Read also Maybank's most recent report:
2025-02-06 CapitaLand Integrated Commercial Trust - Stable Distribution, Priming For Flexibility.

Previous report by Maybank:
2024-11-06 CapitaLand Integrated Commercial Trust - Business As Usual; Operating Trends In Line.

Price targets by 3 other brokers at CapitaLand Integrated Commercial Trust Target Prices.

Listing of research reports at CapitaLand Integrated Commercial Trust Analyst Reports.

Relevant links:
CapitaLand Integrated Commercial Trust Share Price History,
CapitaLand Integrated Commercial Trust Announcements,
CapitaLand Integrated Commercial Trust Dividend Payout Dates & Corporate Actions,
CapitaLand Integrated Commercial Trust News