CapitaLand Integrated Commercial Trust (CICT)

CICT’s private placement 3.7 times covered; issue price fixed at $2.04 - THE EDGE SINGAPORE

REITs

CICT’s private placement 3.7 times covered; issue price fixed at $2.04

Trading of CICT’s private placement units is currently expected to commence at 9am on Sept 12.
CICT: All ready for a Fed pivot - THE EDGE SINGAPORE

REIT Watch

CICT: All ready for a Fed pivot

CICT is one of a handful of REITs with y-o-y DPU growth; Tony Tan, CEO of its manager explains what lies ahead

Broker's Calls

Maybank keeps ‘neutral’ on S-REITs, names CICT as preferred pick

This is amid normalising growth after the “Taylor Swift effect” wears off.
S-REITs in ‘better shape’ than two years ago; CICT, MLT top picks: HSBC - THE EDGE SINGAPORE

Broker's Calls

S-REITs ‘in better shape’ than two years ago; CICT, MLT top picks: HSBC

HSBC favours stocks with embedded growth, like CICT; and REITs that have priced in most of the negative news, like MLT.

Broker's Calls

Analysts remain positive on CICT; Maybank and OCBC lower TPs

The analysts' target prices range from $2.05 to $2.20.

Broker's Calls

DBS analysts maintain preference for FCT, LREIT, CICT and CLAS S-REITs as macro environment normalises

Investors should continue to add to their positions, despite volatility in the interim as interest rate cuts approach in mid-2024.
Analysts keep 'buy' on CapitaLand Integrated Commercial Trust following 2HFY2023 results - THE EDGE SINGAPORE

Broker's Calls

Analysts keep 'buy' on CapitaLand Integrated Commercial Trust following 2HFY2023 results

Citi, RHB and DBS analysts say the trust registered healthy rent reversions, and expect portfolio metrics to stay firm.

Results

CICT reports FY2023 DPU of 10.75 cents, 1.6% higher y-o-y, on higher distributable income

CICT also announced a distribution reinvestment plan (DRP) applicable to its distribution for the 2HFY2023.
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