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CICT's Q1 net property income surges 66% post merger

Stronger performance reflects merger with CCT, which was completed in Oct 2020

Michelle Zhu

Michelle Zhu

Published Mon, Apr 26, 2021 · 09:50 PM

    Singapore

    CAPITALAND Integrated Commercial Trust (CICT) posted gross revenue of S$334.8 million for the first quarter ended March 31, 2021. Net property income (NPI) for the quarter rose 66 per cent to S$247.1 million.

    For the corresponding quarter in 2020, CICT - which was then known as CapitaLand Mall Trust (CMT) - reported gross revenue of S$204.3 million and NPI of S$148.3 million.

    CapitaLand Integrated Commercial TrustFinancial resultsRetailOffices

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