Basic Profile & Key Statistics

CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) merger is ongoing. CCT unitholders are expected to receive consideration units on 28 October and are able to start trading within the same day. CMT is expected to renamed to Capitaland Integrated Commercial Trust (CITCT) on 3 November. After the merger, CICT would become overtake Ascendas REIT (AREIT) to be the largest market cap in SREITs and owns 24 properties.  
Quarter Performance Review Gross revenue and net property income drop 25.3% YoY and 27.5% YoY respectively.  Distributable income and DPU increased by 1.2% YoY and 1.3% YoY respectively due to the release of retention. There is still S$ 10 mils retention with CMT, coupled with S$ 3.75 mils retention with CCT, the total would be S$ 13.75 mils for CICT.
Shopper traffic decreased by 40.3% YoY, but...