Basic Profile & Key Statistics
CapitaLand Integrated Commercial Trust (CICT) invests in mainly Retail and Office properties which currently owns 24 properties in Singapore and Germany.
The overall gross revenue and NPI have increased due to the merger with CapitaLand Commercial Trust in October 2021. Retail asset performance has also improved YoY. However, there is no apple to apple comparison for the office and integrated development performance.
The tenant sales have recovered to 83.8% of the 2019 average despite shopper traffic at only 59.8% of the 2019 average.
Rental reversion is at negative 8% if compare year 1 rents vs outgoing final rents and negative 3.8% if compare incoming average rents vs outgoing average rents.
AEI for Lot One is completed where the cinema was opened on 24 September and library would be opened on 28 October. AEI for Six Battery Road is on track to complete by this year end. The newly announced AEI of Raffle City Singapore is expected to complete by 4Q 2022.