On Oct 21, the REIT reported increases in gross revenue and net property income (NPI) of 13.7% and 12.7% y-o-y respectively, which came in line with Koh’s expectations.
UOB Kay Hian analyst Jonathan Koh has upgraded his call for CapitaLand Integrated Commercial Trust (CICT) to “buy” with a target price (TP) of $2.14 from $2.17 previously.
The upgrade comes on the back of CICT’s positive performance for the 3QFY2022 ended Sept 30 .
