Shares & Derivatives
CapitaLand Integrated Commercial Trust’s Full-Year 2020 Earnings: 5 Aspects Investors Should Know About
By The Smart Investor  •  January 25, 2021
With the rollout of vaccinations in Singapore already underway, most people will be looking forward to resuming a semblance of normalcy in everyday life. Along with transitioning into the new normal, investors will be on the lookout for recovery stocks. CapitaLand Integrated Commercial Trust (SGX: C38U), or CICT, is one of Asia’s largest commercial REITs and could stand to benefit from a strong recovery in shopping traffic. CICT recently released its full-year financial results for 2020, its first report since the merger between CapitaLand Mall Trust and CapitaLand Commercial Trust was completed to form CICT. Here are five key points investors should take note of. Portfolio occupancy remains strong CICT reported a high overall portfolio occupancy rate of 96.4% as of 31 December 2020. Retail occupancy remained strong at 98.0%, higher than the Singapore national retail occupancy rate of 90.4%. Most of CICT’s malls maintained close to maximum occupancy, but CICT’s Clarke Quay asset saw occupancy drop to 90.1%, from 100% on 31 December 2019....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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