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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

Sharanya Pillai

Sharanya Pillai

Published Fri, Oct 22, 2021 · 09:50 PM

    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.

    CapitaLand Integrated Commercial TrustFinancial results

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