Distributable income for 2HFY2024 was up 6.4% y-o-y to $385.7 million, mainly driven by the acquisition of a 50% interest in ION Orchard, but partly offset by the divestment of 21 Collyer Quay.
CapitaLand Integrated Commercial Trust (CICT) has reported net property income (NPI) of $571.1 million in its 2HFY2024 ended Dec 31, 2024, up 1.3% y-o-y. This brings its full-year NPI to $1.15 billion, up 3.4% y-o-y.
However, due to a larger unit base, its distribution per unit for 2HFY2024 held steady at 5.45 cents, with a full-year payout of 10.88 cents, up 1.2% from FY2023.
