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

CapitaLand Integrated Commercial Trust - 1Q24 Update A Mixed Bag

Published:
CapitaLand Integrated Commercial Trust (SGX:C38U) | SGinvestors.ioCapitaLand Integrated Commercial Trust (SGX:C38U)
  • 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



Previous report by Maybank:
2024-02-07 DBS Group - Record Profits; Strong Dividend Yield Angle.

Price targets by 2 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





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