CICT posts H2 DPU of S$0.0522; acquisitions may intensify in FY2022, manager says

Jude Chan

Published Fri, Jan 28, 2022 · 08:11 AM

THE manager of CapitaLand Integrated Commercial Trust (CICT) C38Uo : C38U 0%n Friday (Jan 28) said its acquisition activities may potentially be "intensified" in FY2022, as the real estate investment trust (Reit) sets its sights on adding to its Singapore properties.

"The next (acquisition) opportunity that we're looking at is Singapore and we're assessing it quite closely," said chief executive officer of the Reit manager Tony Tan in a briefing following its results announcement. "Our priority this year will be Singapore."

Acquisitions this year may outpace the total purchase price of S$740 million that CICT forked out in FY2021.

After over a year of inactivity on the acquisition front following its merger, CICT in December 2021 clocked 3 acquisitions in Sydney – comprising 2 office buildings an…