- 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 the excerpt from report by Maybank Research.
Clients of Maybank Securities may be the first to access the full report in PDF @ https://www.maybanktrade.com.sg/.
Krishna Guha Maybank Research | https://www.maybank-ke.com.sg/ 2024-04-21
Read also Maybank's most recent report:
2024-11-06 CapitaLand Integrated Commercial Trust - Business As Usual; Operating Trends In Line.
Previous report by Maybank:
2024-08-13 CapitaLand Integrated Commercial Trust - Resilient Portfolio, Growing Distribution.
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 Dividends & Corporate Actions,
CapitaLand Integrated Commercial Trust News Articles
