CapitaLand Integrated Commercial Trust 3Q25 - UOB Kay Hian 2025-10-29: Steady Execution, Resilient Portfolios

• CapitaLand Integrated Commercial Trust (CICT) provided business updates for 3Q25, which were in line with our expectation.

Retail: Benefitting from resilient domestic consumption and recovery in tourism.

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• Occupancy was stable at 98.7%. According to management, if we exclude the newly acquired ION Orchard, tenant sales psf grew about 3% y-o-y in 3Q25, driven by consumption vouchers and a recovery in visitor arrivals.

Office: Up-tick in occupancy from overseas assets.

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• a new lease with Panasonic Automotive Systems Europe at Main Airport Centre (MAC) in Frankfurt, which improved occupancy for Germany by 4.6ppt q-o-q to 86.2%.
• CICT clocked a positive rental reversion of 6.5% for 9M25. New leases were from the distribution & trading, hospitality & leisure and financial services industries. Average rent increased 1.9% y-o-y to S$10.92psf/month.

Competitive advantage from low cost of debt.

• 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/.

Read also UOB's most recent report:
2026-02-09 CapitaLand Integrated Commercial Trust - Steady Execution With Smooth Assimilation Of ION Orchard & CapitaSpring.

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