CapitaLand Integrated Commercial Trust (CICT)

Bankers’ best friends in race to raise equity - THE EDGE SINGAPORE

REITs

Bankers’ best friends in race to raise equity

REITs are seen as bankers' best friends after raising $4.2 billion in equity and $1.1 billion in perps in 2021

Broker's Calls

DBS reinstates coverage on CICT with “buy”, TP of $2.50

DBS sees CICT as a key proxy and beneficiary of the reopening play.

REITs

CICT closes private placement with upsize option exercised, raises $250 mil

The issue price for the new units was fixed at $1.960 per unit.

REITs

CICT launches private placement to raise $200 mil

103.6 mil new units will be issued at an issue price between $1.93 to $1.981, with a potential upside option subject to demand.

Broker's Calls

Analysts mixed on CICT’s maiden foray into Australia

CICT announced the acquisition of two Grade A office buildings in Sydney for A$330.7 mil on Dec 3.

REITs

CICT acquires two Grade A office buildings in Sydney for $330.7 mil; this is the trust's first inroad into Australia

The acquisition is said to be accretive to CICT’s distribution per unit (DPU) by 3.1%.

Broker's Calls

Broker's Digest: CICT, KORE, SPH, MNACT, Japfa, Far East Hospitality Trust

See the analysts' recommendations and target prices here.
CICT performed within analysts' expectations as most maintain TPs starting from $2.20 - THE EDGE SINGAPORE

Broker's Calls

CICT performed within analysts' expectations as most maintain TPs starting from $2.20

It's mostly a "buy" or "accumulate" from the analysts on CICT.

Results

CICT reports more than double NPI of $242.6 mil for 3QFY2021

Revenue for the 3QFY2021 also more than doubled to $329.0 million.
Former Mapletree Logistic Trust CFO Wong Mei Lian appointed CFO of CICT - THE EDGE SINGAPORE

New appointments

Former Mapletree Logistic Trust CFO Wong Mei Lian appointed CFO of CICT

Wong will replace Chew Sze Yung who is stepping down on August 26.
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