- CapitaLand Integrated Commercial Trust’s operational performance (1Q25) was in line, but lower-than-expected financing costs were a positive surprise.
- - Read this at SGinvestors.io -
Limited impact from trade tensions so far, but slight moderation in rent reversion guidance.
- CapitaLand Integrated Commercial Trust still expects mid-single-digit rent reversions across its Singapore retail portfolio (1Q25: +10.4%) and low-to mid-single digits for office assets (1Q25: +5.4%) in FY25 vs its earlier mid-high single-digit guidance for both. This is because it expects some office tenants to pause and potentially look at shorter lease extensions.
- - Read this at SGinvestors.io -
- On the retail front, 1Q25 tenant sales (same-store) fell 0.5% y-o-y, mainly on weaker March sales, as last year’s retail sales were boosted by concert goers.
- CapitaLand Integrated Commercial Trust has asset enhancement initiative or AEI plans for Tampines Mall (4Q25), leveraging on the recently launched Tampines Regional Centre’s 5-year master plan, which it believes will significantly boost the malls potential. 2H25 contributions will be boosted by commencement of Gallileo leases.
FY25 financing costs are set to moderate
- Read more at SGinvestors.io.
