For FY2024, CICT’s manager maintained its rental reversion guidance of high single-digits, given the higher incoming completed supply in 2025, CGSI analysts Lock Mun Yee and Natalie Ong note.
Analysts at RHB Bank Singapore and CGS International (CGSI) are keeping their “buy” and “add” calls on CapitaLand Integrated Commercial Trust (SGX:C38U
) (CICT) with higher target prices of $2.30 and $2.21 respectively after the trust posted “solid” 1HFY2024 ended June results.
RHB’s Vijay Natarajan highlights CICT’s stronger-than-expected double digit office rent reversion, which reinforces his positive stance against a slightly bearish consensus view. While retail operational metrics continue to show steady improvements, the focus will be on slowing tenant sales growth, he adds.
