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
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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.
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