CapitaLand Integrated Commercial Trust
S-Reits set for best year since 2019 with 14.7% total returns in the year to date
Of the 33 iEdge S-Reit Index constituents, 29 posted positive total returns in the year to date
CICT’s Q3 net property income rises 1.6% to S$294.4 million
Its NPI for the year to date edges up 0.2% to S$874.2 million
CICT overtakes Hong Kong’s Link Reit to become Asia’s largest real estate investment trust
A main factor behind this is the strength of the Singapore dollar, which has gained 5.7% against the greenback so far this year
What would a CapitaLand-Mapletree merger mean for S-Reits in their respective stables?
Combining Clar and MIT could excite the market, but a merger of CICT and MPACT could be trickier to pull off
Owning more of Ion Orchard and some of Jewel Changi Airport will boost CICT’s retail exposure and attractiveness
The manager could also sell Six Battery Road to reduce its office exposure
Singapore mall landlords are adapting to changing consumer habits, but there’s room for new approaches
Suggestions from market players include mixed-use developments that will ease reliance on rents and tapping underused spaces for pop-ups
Reit managers should cut acquisition and divestment fees for property transactions, do right by investors
CICT’s manager should not take S$10.5 million in acquisition fees for the recent CapitaSpring deal
CapitaLand Integrated Commercial Trust raising S$600 million in private placement
The units are priced at S$2.11 apiece
CICT to buy rest of CapitaSpring for S$1 billion; plans S$500 million placement between S$2.105 and S$2.142 a unit
Distribution per unit rises to a new high of S$0.0562 for 1H 2025
CapitaLand Integrated Commercial Trust posts 3.5% rise in H1 DPU to S$0.0562
Net property income falls 0.4% to S$579.9 million
