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CICT's malls post rental reversion of negative 6.6% in FY20

Published Thu, Jan 21, 2021 · 08:57 AM
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RENTAL reversions at Capitaland Integrated Commercial Trust (CICT)’s malls were a negative 6.6 per cent in FY20, but the chief executive of the manager Tony Tan hopes that this is the bottom for the real estate investment trust (Reit). The Reit would only be willing to accept lower rents for tactical reasons, he said, such as to include certain brands that would improve traffic for a mall.

Througho…

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Higher gross rental income, lower expenses boost CICT’s Q1 NPI by 6.3%
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