Investment story trumps size for Reits; the key is to be sufficiently differentiated
Lessons can be learned from the contrasting fortunes of Centurion Accommodation Reit and UI Boustead Reit
[SINGAPORE] Singapore’s largest real estate investment trust (Reit) by market capitalisation, CapitaLand Integrated Commercial Trust (CICT) , currently trades well.
Its unit price of S$2.34 as at Monday (Jun 15) represented a premium to the end-2025 net asset value (NAV) per unit of S$2.14.
The trust has size, with total assets of more than S$27 billion at end-2025. Its portfolio’s value will grow bigger with the addition of Paragon and the divestment of Asia Square Tower 2 – an asset swop that would boost its net property income (NPI) and distribution per unit (DPU).
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