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CICT posts 67% y-o-y jump in NPI to $247 mil for 1Q21

Atiqah Mokhtar
Atiqah Mokhtar • 3 min read
CICT posts 67% y-o-y jump in NPI to $247 mil for 1Q21
The higher NPI follows contribution from office assets pursuant to the merger between CMT and CCT.
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CapitaLand Commercial Integrated Trust (CICT) has recorded a 66.6% y-o-y jump in net property income (NPI) for the 1QFY2021 ended March to $247 million.

The higher NPI is in line with higher revenue for the period, which surged 63.9% y-o-y to $334.8 million according to the trust's 1QFY2021 business update dated April 26.

The trust did not report figures for distributable income or distribution per unit (DPU).

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