- CapitaLand Integrated Commercial Trust’s 3Q24 gross revenue inched up 1.7% y-o-y to S$397.9m and NPI increased by a stronger pace of 5.4% y-o-y to S$289.9m, thus translating to an expansion in its NPI margin by 2.6 ppt y-o-y to 72.8%. No distribution per unit (DPU) data was given as this is provided on a semi-annual basis.
- - Read this at SGinvestors.io -
Still healthy rental reversions for both retail & office portfolios but this is poised for a moderation in FY25.
- CapitaLand Integrated Commercial Trust’s 9M24 retail rental reversions came in at 9.2%, almost unchanged from the 9.3% recorded in 1H24. Both suburban malls and downtown malls registered almost similar rental reversions of 9.0% and 9.4%, respectively.
- - Read this at SGinvestors.io -
Overall portfolio committed occupancy saw a slight sequential dip
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2024-11-05
Previous report by OCBC:
2024-09-04 CapitaLand Integrated Commercial Trust - Sizeable Acquisition With Expected Accretion To DPU.
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
