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CICT posts 2.5% rise in H1 DPU to S$0.0543 despite higher finance costs

Net property income rises 5.4% to S$582.4 million

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Benjamin Cher &

Hykel Quek

Published Tue, Aug 13, 2024 · 09:09 AM
    • Gallileo in Frankfurt's Central Business District has achieved 96.7 per cent in committed occupancy even as it undergoes asset enhancement, said CICT.
    • Gallileo in Frankfurt's Central Business District has achieved 96.7 per cent in committed occupancy even as it undergoes asset enhancement, said CICT. PHOTO: CICT

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    CAPITALAND Integrated Commercial Trust (CICT) recorded a distribution per unit (DPU) of S$0.0543 for the first half of the year, up 2.5 per cent from S$0.053 in the corresponding period the year before. 

    It also announced on Tuesday (Aug 13) distributable income of S$366.5 million, up 3.7 per cent from S$353.2 million in the first half of last year. The distribution will be paid out on Sep 26, after the record date on Aug 21. 

    However, the total return attributable to unitholders fell in H1 to S$364.9 million, compared with S$387.8 million in the year-ago period due to higher finance costs.

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    CapitaLand Integrated Commercial TrustFinancial resultsS-Reits

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