- CapitaLand Integrated Commercial Trust (CICT, SGX:C38U)’s 3Q25 financial updates came in line. Operational metrics improved q-o-q with notable occupancy improvement in Singapore and overseas office assets.
- - Read this at SGinvestors.io -
- CICT is likely to continue benefitting from increased fund inflows to the sector.
CapitaSpring balance stake acquisition completed
- CapitaSpring balance stake acquisition (55%) – completed in end-August – has strengthened CICT’s Singapore positioning. Proforma DPU accretion (1H25) is expected to be 1.1%, but considering the strong office momentum, limited supply, and upcoming renewals of some of its early lease signings upon completion, we believe there is strong potential for rental upside from the asset.
- - Read this at SGinvestors.io -
Office momentum remains strong while retail remains resilient.
- Office occupancy rose across all markets, with the limited supply pipeline in Singapore indicating a stronger 2026 outlook. Germany and Australia saw new office lease signings which improved the respective market occupancy by ~4.6ppts and 3.7ppts q-o-q, with a slightly more upbeat leasing demand outlook. Gallileo has commenced progressive handover of the revamped space to European Central Bank (ECB) with full income contributions expected by 2H26.
- Retail occupancy remains stable with income uplift expected from ongoing/planned asset enhancements at Lot One Shoppers’ Mall, Tampines Mall, and Raffles City Tower. Rent reversion (YTD) for retail and office stood at +7.8%/6.5% with guidance for low-to-mid single digits for next year.
Finance cost to trend lower
- Read more at SGinvestors.io.
