CICT's Q3 net property income more than doubles to S$242.6m, with room for retail recovery
Result comes amid enlarged portfolio from merger of CapitaLand Mall Trust and CapitaLand Commercial Trust last year
Singapore
CAPITALAND Integrated Commercial Trust's (CICT) net property income (NPI) more than doubled to S$242.6 million for Q3 ended Sept 30, from S$104.5 million previously, thanks to its enlarged portfolio from the merger of CapitaLand Mall Trust and CapitaLand Commercial Trust last year.
The trust's portfolio recorded a committed occupancy of 94.4 per cent as at end-September, with a weighted average lease expiry of 3 years, CICT disclosed in its quarterly business update on Friday.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
OCBC should be seen as ‘financial conglomerate’ unlike local banking peers, says chairman
HSBC CEO to retire; bank reports 1.7% lower Q1 profit of US$10.8 billion
McDonald's sales miss estimates as customers cut back spending
Coca-Cola raises annual organic sales forecast on global demand, higher prices
No extension to 6-month pause on DBS’ non-essential activities, but 1.8 times multiplier stays
CSE Global records S$186.2 million in Q1 new orders, up 16.7%