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CapitaLand Integrated Commercial Trust (CICT)
New appointments
CapitaLand Investment appoints Tan Choon Siang as deputy CEO of CICT Management and Yong Su-Lin as CEO CMR Management
This appointment of new key executives comes after the recent appointment of Gerry Chan as CEO of CapitaLand China Trust Management among others.
3 days ago
Broker's Calls
DBS names CapitaLand Integrated Commercial Trust and Frasers Centrepoint Trust as top retail REITs going into 2025
The Singapore retail scene has “beaten all odds” since the pandemic, mirroring that of 2019.
December 16, 2024
Insider moves
DBS buys 620,000 units in CICT at $2.02 apiece
Following the purchase, DBS’s stake in CICT stood at 0.3506%.
November 12, 2024
REITs
CICT divests 21 Collyer Quay for $688 mil
After accounting for divestment-related expenses, CICT will net $681.7 million in proceeds.
November 12, 2024
Results
CapitaLand Integrated Commercial Trust announces higher revenue and NPI for 9MFY2024
CICT announces modest revenue and NPI growth for 9M2024, supported by higher rents and lower costs.
November 05, 2024
REITs
CICT issues $200 mil worth of 3.3% fixed-rate green notes due April 2035
The notes will be listed and quoted on the SGX-ST on or around Nov 1.
October 30, 2024
REITs
CICT completes proposed acquisition of ION Orchard after approval from unitholders
Units in CICT closed 2 cents lower or 0.98% down at $2.02 on Oct 30.
October 30, 2024
Broker's Calls
PhillipCap keeps 'accumulate' call with unchanged TP of 91 cents on the Lion-Phillip S-REIT ETF
Some shifts have happened since the last update, the top three holdings are now Frasers Logistics Commercial Trust, Mapletree Industrial Trust and Integrated Commercial Trust.
October 21, 2024
Broker's Calls
Paragon REIT could be acquired within CLI’s ecosystem of fund partners or other consortium partners: DBS
Even though the market expects Paragon REIT to be acquired by CICT, the analysts see that the capital allocated for ION could mean that Paragon's suitor could be elsewhere.
September 26, 2024
Broker's Calls
Citi downgrades CICT to ‘neutral’ with higher TP of $2.21
The downgrade comes as it sees limited DPU upside for ION Orchard and stretched valuations.
September 09, 2024