Going into 2023, the Singapore REITs (S-REITs) sector may face growing scrutiny on their distribution per unit (DPU) resilience, say CLSA analysts Wong Yew Kiang and Mog Shi Xian. The sector may also see the possibility of asset write-downs from the expansion of cap rates, they add.Earlier in Novemb...

CapitaLand Group is keeping dry powder for opportunistic acquisitions, say DBS Group Research analysts Derek Tan and Dale Lai. The analysts are bullish on CapitaLand’s stable of listed names, issuing “buy” on the CapitaLand Investment (CLI) and its four REITs.Most CLI REITs have turned cautiou...

This year marks 20 years since real estate investment trusts (Reits) emerged on the Singapore Exchange, with the listing of CapitaMall Trust (now called CapitaLand Integrated Commercial Trust) and Ascendas Reit (now called CapitaLand Ascendas Reit) in 2002.

UOB Kay Hian analyst Jonathan Koh has upgraded his call for CapitaLand Integrated Commercial Trust (CICT) to “buy” with a target price (TP) of $2.14 from $2.17 previously.The upgrade comes on the back of CICT’s positive performance for the 3QFY2022 ended Sept 30 .On Oct 21, the REIT reported i...

ANALYSTS from UOB Kay Hian (UOBKH), DBS, and OCBC have lowered their target prices on CapitaLand Integrated Commercial Trust (CICT), but remain upbeat on the counter’s prospects amid a rising interest rate environment.

Despite improving rent reversions and rise in service charges, Credit Suisse expects most Singapore REITs (S-REITs) to see slower or declining DPU in 2023.In their unrated sector report, analysts Nicholas Teh and Louis Chua expect 8% to 10% reversions for office, -1% to 3% for retail and 2% to 3% fo...

CAPITALAND Integrated Commercial Trust (CICT) is likely set for a recovery in 2023, with additional cash flow from committed leases and despite a plunge in share prices in the last month, said RHB. 

THE following companies saw new developments that may affect trading of their securities on Tuesday (Oct 25):

DBS Group Research has maintained its “buy” call and $2.70 target price on CapitaLand Integrated Commercial Trust (CICT) following its 3QFY2022 business updates, on expectations of higher rental income contributions in the coming FY2023.On Oct 21, CICT reported revenue and net property income in...

AT the Sias Investors’ Choice Awards 2022, companies were recognised for excellence in adopting good corporate governance and sustainability practices. 

THE net property income of CapitaLand Integrated Commercial Trust (CICT) went up by 12.7 per cent year-in-year to S$273.3 million in the third quarter of 2022 ending on Sep 30, said the trust in a business update filed on the Singapore Exchange on Friday (Oct 21).

Capitaland Integrated Commercial Trust (CICT) has reported gross revenue of $374.1 million for the 3QFY2022 ended September, a 13.7% y-o-y increase.Net property income (NPI) for the period also increased 12.7% y-o-y to $273.3 million. The increase was contributed by new acquisitions and higher reven...

Quoteworthy: "They kind of used up all the air in their universe, and they have nowhere to grow." — Kim Forrest, chief investment officer at Bokeh Capital Partner on the end of Wall Street’s “pandemic darlings” Intel plans thousands of job cuts in face of PC slump Intel Corp is planning a...

Jovi Ho, senior writer at The Edge Singapore, has been named Most Promising Journalist of the Year by the Securities Investors Association (Singapore).This is The Edge Singapore’s second consecutive win in this category at the SIAS’s annual Investors’ Choice Awards, which marked its 23rd editi...

Local leaders in corporate governance outperformed the broader Straits Times Index (STI) since 2008, proving the value and importance of transparency, says David Gerald, founder, president and CEO of the Securities Investors Association (Singapore).SIAS constructed a portfolio featuring winners of S...