CapitaLand Integrate Commercial Trust (CICT)

CICT garners mixed results from analysts following 3QFY2023 update; RHB upgrades to ‘buy’ - THE EDGE SINGAPORE

Broker's Calls

CICT garners mixed results from analysts following 3QFY2023 update; RHB upgrades to ‘buy’

CapitaLand Integrate Commercial Trust has garnered mixed results from analysts following its Q3FY2023 update.

Broker's Calls

CICT is a beneficiary of the reopening

CICT is poised to ride the recovery wave, but analysts have mixed sentiments amid high gearing and high interest rates.

Broker's Calls

UOB Kay Hian upgrades CapitaLand Integrated Commercial Trust to ‘buy’ with TP of $2.14

UOB Kay Hian analyst Jonathan Koh's upgrade comes on the back of CICT’s positive performance for the 3QFY2022 ended Sept 30.

Results

CICT reports NPI of $273.3 mil for 3QFY2022, up 12.7% y-o-y

Revenue for the 3QFY2022 also increased 13.7% y-o-y to $374.1 million.

Broker's Calls

UOB Kay Hian maintains 'overweight' rating for retail REITs sector; suburban malls 'fundamentally' attractive

Ddowntown malls showing signs of recovery while increasing rent prices in suburban malls are proving resilient and attractive.

Broker's Calls

Analysts positive on CICT amid greater reopening and economic recovery

Management also indicated that CICT's focus in 2022 would be to remain agile and be proactive in managing costs. Photo: Capitaland
CapitaLand Investment divests 79 Robinson Road to CICT and COREF for $1.26 bil - THE EDGE SINGAPORE

REITs

CapitaLand Investment divests 79 Robinson Road to CICT and COREF for $1.26 bil

CapitaLand Investment divests 79 Robinson Road to CICT and COREF for $1.26 bil

Property

CapitaSpring completes construction with 93% in leasing commitment

The integrated development's tenants include names such as J.P. Morgan, Sumitomo Mitsui Banking Corporation and JLL.
Analysts positive on CICT as results come within expectations; RHB upgrades counter to 'buy' - THE EDGE SINGAPORE

Broker's Calls

Analysts positive on CICT as results come within expectations; RHB upgrades counter to 'buy'

Analysts from DBS and RHB have given CICT a TP of $2.45 and $2.20 respectively.

Results

CICT reports 2HFY2021 DPU of 5.22 cents on enlarged base; FY2021 DPU of 10.40 cents

Tony Tan, CEO of the manager says the REIT remains “cautiously optimistic” in its outlook for 2022 for three reasons. Here's why.
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