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CapitaLand Integrated Commercial Trust (CICT)
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%.
16 days ago
REITs
CICT divests 21 Collyer Quay for $688 mil
After accounting for divestment-related expenses, CICT will net $681.7 million in proceeds.
16 days ago
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.
23 days ago
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.
29 days ago
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.
29 days ago
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
REITs
Why Ion Orchard attracts shoppers and investors
CICT proposes to acquire 50% of Ion with DPU accretion of 0.9%, tax transparency to add additional accretion
September 05, 2024
Broker's Calls
Analysts view ION deal positively for CICT; recommends unitholders to subscribe for preferential offering
RHB is “neutral” on the deal, noting that the pricing is “slightly on the higher end”.
September 04, 2024