DBS Group Research, OCBC Investment Research (OIR) and RHB Bank Singapore have all maintained their “buy” calls on CICT. Citi Research has remained “neutral” while Morningstar is generally positive with a “four star” rating.
Analysts have mostly kept their estimates on CapitaLand Integrated Commercial Trust (SGX:C38U
) (CICT) after the REIT’s 3QFY2024 ended Sept 30 results stood in line or above their expectations.
On Nov 5, CICT reported 3QFY2024 gross revenue of $397.9 million, 1.7% higher y-o-y, while net property income (NPI) grew by 5.4% y-o-y to $289.9 million, attributed to lower operating expenses. The REIT’s NPI for the 9MFY2024 also grew by 5.4% y-o-y to $872.1 million.
