- With Singapore assets contributing ~95% of revenue following the addition of Ion Orchard Mall and consolidation of remaining stakes in CapitaSpring Commercial, we see a ~3% DPU growth CAGR in the coming years.
CICT's 1H25 results
- CapitaLand Integrated Commercial Trust's 1H25 gross revenue and NPI slipped marginally by 0.5% and 0.4% y-o-y to S$787.6m and S$579.9m respectively. This was attributable to the absence of income from 21 Collyer Quay (divested Nov’24) and Gallileo’s AEI that partially offset incremental contributions from ION Orchard and stronger operating metrics across the retail portfolio.
- - Read this at SGinvestors.io -
1H25 DPU of 5.62 cents tracks above our estimates.
- - Read this at SGinvestors.io -
- CapitaLand Integrated Commercial Trust's DPU grew 3.5% y-o-y to 5.62 cents despite an enlarged unit base – and tracks above our full year estimates.
Strong reversions underpin healthy leasing fundamentals.
- Read more at SGinvestors.io.
