The manager of CapitaLand Integrated Commercial Trust (CICT) has reported revenue of $329.0 million for the 3QFY2021 ended September, more than double revenue of $150.3 million in the 3QFY2020. Net property income (NPI) during the quarter, too, more than doubled to $242.6 million, from $104.5 millio...

CAPITALAND Integrated Commercial Trust's (CICT) net property income (NPI) more than doubled to S$242.6 million for Q3 ended September, from S$104.5 million a year ago, thanks to its enlarged portfolio from the merger of CapitaLand Mall Trust and CapitaLand Commercial Trust last year. ...

A number of Singapore real estate companies have been recognised for their sustainability efforts in the 2021 Global Real Estate Sustainability Benchmark (GRESB) rankings. The GRESB assesses and benchmarks the ESG performance of global assets and monitors their progress towards global sustainability...

UOB Kay Hian’s Jonathan Koh has remained optimistic about CapitaLand Integrated Commercial Trust (CICT) despite a “bumpy reopening” for the REIT. Koh, in an Oct 14 report, kept his “buy” rating but lowered his target price from $2.50 to $2.40. He notes that CICT weathered a bumpy recovery ...

The government’s plans to open borders with additional vaccinated travel lanes (VTL) from two currently to nine more countries from Oct 19 is likely to be better for hospitality and lodging REITs. On the other hand, more controls locally, for visitors to malls and continued controls on dining coul...

Investors should accumulate reopening plays during this month of heightened uncertainty and volatility, as Covid-19 cases are expected to peak in October and stabilise thereafter, says UOB Kay Hian Research analyst Jonathan Koh. In an Oct 1 note, Koh is maintaining “overweight” on S-REITs, with ...

The US Federal Reserve plans to taper in 2022 and then after much soul searching indicated that the Federal Funds Rate and hence interest rates in general could rise by the end of 2022. Inflation — caused by a de-synchronised supply chain — is already present in the global economy. Inflation in ...

On the back of new Covid-19 measures that will be effective from Sept 27 to Oct 24, DBS Group Research analysts Derek Tan, Rachel Tan, Dale Lai and Geraldine Wong are advising investors to “seek shelter in structural growth names”. These include industrial S-REITs such as Mapletree Logistics Tru...

The developer behind some of Singapore’s most famous landmarks, such as Raffles City and Clarke Quay, has gone ahead and rebuilt itself. The restructuring tells us something about what it is that excites shareholders in the Asian financial centre nowadays — and gives a taste of what is to come i...

CITI Research has started a 90-day "positive catalyst watch" on CapitaLand Integrated Commercial Trust (CICT) in view of a distribution-in-specie (DIS) overhang removal, as well as potential operational improvement in Q4 FY2021 and distribution per unit (DPU) accretive acquisitions...