Trump-induced uncertainty may be a blessing in disguise for investors in Singapore’s biggest Reits
Income-focused investors may prefer not being tapped for cash – and coping with the risk of their Reit subsequently trading underwater
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THE manager of CapitaLand Integrated Commercial Trust (CICT) kicked off its 2024 financial results briefing last week by recounting its “value creation journey” during the past year.
Notably, it provided a status update of the asset enhancement initiatives (AEIs) at its portfolio properties – including IMM Building and CQ @ Clarke Quay in Singapore; Gallileo in Frankfurt, Germany; and 101-103 Miller Street in Sydney, Australia.
It also reminded analysts and reporters at the briefing that it had announced the acquisition of a 50 per cent stake in Ion Orchard in September at an agreed valuation of S$1.85 billion; and that it had sold an office building at 21 Collyer Quay for S$688 million in November.
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