CapitaLand Integrated Commercial Trust 2H24 - UOB Kay Hian 2025-02-06: Portfolio Reconstitution Generates Growth With Lower Gearing

• CapitaLand Integrated Commercial Trust reported DPU of 5.45 cents for 2H24 (flat y-o-y), marginally better than our expectation.

Growth from portfolio reconstitution.

• - Read this at SGinvestors.io -
• The acquisition of 50% stake in ION Orchard was completed on 30 Oct 24 and contributed for about two months.

ION Orchard strengthens positioning downtown.

• CapitaLand Integrated Commercial Trust achieved a positive rental reversion of 8.8% on an average incoming vs average outgoing basis for its retail properties in 2024 (downtown: 8.6%, suburban: 9.0%). Tenant sales psf grew 3.4% (downtown: 8.8%, suburban: 0.4%).
• - Read this at SGinvestors.io -

Higher occupancies for offices in Singapore and Australia.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Previous report by UOB:
2024-11-06 CapitaLand Integrated Commercial Trust 3Q24 - Increasing Dominance Of Singapore’s Retail Scene.

Price targets by 5 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