CapitaLand Integrated Commercial Trust - RHB Research 2025-08-06: Building On Its Singapore Strength; BUY

• CapitaLand Integrated Commercial Trust’s much anticipated acquisition of the remaining CapitaSpring stake is a timely move that will further strengthen its high quality Singapore commercial asset exposure. This is aided by tailwinds from operational performance, overseas market recovery and falling domestic interest rates.
• - Read this at SGinvestors.io -

Acquisition of the remaining 55% stake in CapitaSpring

• CapitaLand Integrated Commercial Trust's acquisition of the remaining 55% stake in CapitaSpring from CapitaLand Development (45%) and Mitsubishi Estate for S$1.9bn (100% basis), is at par with the latest average valuation. The transaction is based on a capitalisation rate of 3.65-3.7% (slight 5-10bps compression from Dec 2024) and entry NPI yield of 4.2%.
• - Read this at SGinvestors.io -
• Additionally, we believe the asset’s super prime location, modern specifications as well as limited CBD supply provide medium-term capital upside potential.

Mildly DPU accretive

• Read more at SGinvestors.io.

Above is an excerpt from a report by RHB Securities Research.
Clients of RHB may be the first to access the full PDF report @ https://www.rhbtradesmart.com/.

Previous report by RHB:
2025-04-25 CapitaLand Integrated Commercial Trust - Flight-To-Quality To Continue; BUY.

Price targets by 4 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