CICT’s lower DPU, higher gearing since pandemic may have some investors questioning its strategy
Add BT as a preferred source
Ben Paul
AN AWKWARD question came up during the CapitaLand Integrated Commercial Trust (CICT) financial results briefing last week.
One analyst pointed out that CICT’s distribution per unit (DPU) of 10.75 Singapore cents for FY2023 was still well below the 11.97 cents it achieved in FY2019.
The trust’s current performance versus FY2019 is relevant not just because FY2019 was the year before the pandemic forced everyone to stay home, but also because FY2019 was the last full financial year before CICT merged with CapitaLand Commercial Trust (CCT).
TRENDING NOW
Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan
Chasing global capital: South-east Asia markets turn to ‘value up’ reforms
Not in education, employment or training: Why more Hong Kong youths are opting out of work
Circular water economies will power South-east Asia’s growth story
