Aggregate leverage rose by 1.3% ppt to 39.2%. Average cost of debt fell by 0.1ppt to 3.3%. Interest coverage ratio rose to 3.5x from 3.3x.
CapitaLand Integrated Commercial Trust’s net property income (NPI) was almost unchanged at +0.2% y-o-y for the nine months to Sept 30 (9MFY2025) to $874.2 million. On a like-for-like (LFL) basis, NPI was up by 1.4% y-o-y. This excludes income from 21 Collyer Quay for YTD September 2024, and CapitaSpring from Aug 26-Sept 30 following the acquisition of the remaining 55% interest.
In 3QFY2025, revenue rose by 1.5% y-o-y to $403.9 million and NPI rose by 1.6% y-o-y to $294.4 million.
