- CapitaLand Integrated Commercial Trust (CICT) provided a business update for 3Q25. Its gross revenue and NPI increased slightly by 0.1% and 0.2% y-o-y to S$1,191.6m and S$874.2m respectively. This was largely due to the consolidation of CapitaSpring from 26 August 2025 following the acquisition of the remaining 55% stake which it did not own, but partially offset by the absence of contribution from 21 Collyer Quay which was divested on 11 Nov 2024.
Improvements seen in retail and office portfolio rental reversions to 7.8% and 6.5% respectively.
- - Read this at SGinvestors.io -
Portfolio committed occupancy increased 0.9 ppt q-o-q to 97.2%.
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- For CICT’s Singapore office portfolio, rental reversions accelerated from 4.8% in 1H25 to 6.5% in 9M25 amid high retention rates (74%) and continued flight to quality trends. Similarly, its office committed occupancy rose 1.6 ppt q-o-q to 96.2% with higher occupancy rates registered across all regions of Singapore, Germany and Australia. Looking ahead, rental reversions for both CICT’s Singapore retail and office portfolios are expected to come in around the low-to-mid single-digit levels.
Positioning strengthened with full ownership of CapitaSpring, but aggregate leverage ratio increased 1.3 ppt q-o-q to 39.2%.
- Read more at SGinvestors.io.
