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CapitaLand Integrated Commercial Trust (CICT)
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
December 16, 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.
December 10, 2021
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.
December 08, 2021
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.
December 07, 2021
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.
December 06, 2021
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%.
December 03, 2021
Broker's Calls
Broker's Digest: CICT, KORE, SPH, MNACT, Japfa, Far East Hospitality Trust
See the analysts' recommendations and target prices here.
November 03, 2021
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.
October 30, 2021
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.
October 22, 2021
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.
August 06, 2021