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10 things I learned from the 2021 CapitaLand Integrated Commercial Trust AGM
By The Fifth Person  •  April 27, 2021
CapitaLand Integrated Commercial Trust (CICT) owns and invests in assets primarily used for retail and office purposes. CICT’s current portfolio comprises 22 properties in Singapore and two in Frankfurt, Germany, with a market capitalization of S$14.0 billion as of 31 December 2020. Coupled with the COVID-19 pandemic, 2020 has been an unprecedented year as CICT embarked on a new chapter following the recent merger of CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) which took place via a trust scheme of arrangement on 21 October 2020. At its inaugural annual general meeting, CICT’s CEO Tony Tan Tee Hieong presented the Groups’ financial performance, operational highlights, key financial metrics, and developments. There were no live questions taken during the AGM. However, relevant questions posted by unitholders that were submitted and answered before the AGM have been included in this article. 1. Gross revenue and net property income (NPI) for FY2020...
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By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
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