CICT posts 1.5% rise in H1 DPU to S$0.053

CAPITALAND Integrated Commercial Trust (CICT)’s distribution per unit (DPU) rose by 1.5 per cent to S$0.053 for its first half ended Jun 30, 2023, from S$0.0522 the year before.

Gross revenue for the half-year period was up 12.7 per cent to S$774.8 million, from S$687.6 million in the same period a year earlier.

This was mainly due to contributions from CICT’s acquisitions of CapitaSky and its Australian portfolio, its asset enhancement initiative (AEI) at Raffles City Singapore, and increased rental income from most of its Singapore properties, the trust’s manager said on Tuesday (Aug 1).