- CapitaLand Integrated Commercial Trust (CICT, SGX:C38U)’s 2H25 numbers beat estimates, primarily due to lower finance costs. FY26 should be another good year – driven by positive rent growth, full-year contributions from Gallileo and CapitaSpring as well as lower finance costs.
- - Read this at SGinvestors.io -
Hougang Central commercial development provides a new stream of growth
- Hougang Central commercial development provides a new stream of growth, especially with increasingly limited opportunities to acquire prime Singapore retail malls at reasonable prices. CICT will fully develop and own 100% of the commercial component (estimated NLA: ~300,000 sqft) in the mixed-use development that will be integrated with a bus interchange. Overall development cost is expected to be about S$ 1.1bn, with the yield-on-cost guided at >5%.
- - Read this at SGinvestors.io -
- CICT also announced the divestment of Bukit Panjang Plaza for S$428m, at a healthy 10% premium over valuation, which will lower its gearing to a comfortable 37.6%.
Positive mid-single digit rental reversion guidance for FY26
- Read more at SGinvestors.io.
