Basic Profile & Key Statistics CapitaLand Integrated Commercial Trust (CICT) invests in mainly Retail and Office properties which currently owns 23 properties in Singapore and Germany.
Performance Highlight Gross revenue, NPI and distributable income have increased YoY due to enlarged portfolio from the merger with CapitaLand Commercial Trust in October 2020. However, DPU is lower due to the enlarge unitholders base from merger.
Tenant Sales & Shopper Traffic
The shopper traffic and tenant sales for 4Q are similar to 3Q due to phase 2 heightened alert and stabilization phase which ended in 21 Nov. After which, some slight improvement achieved in 4Q. As compared to 2019 average, FY21 tenant sales has recovered to 87.8% despite shopper traffic at only 61.2%.
Rental Reversion
Rental reversion is at negative 7.3% if compare year 1 rents vs outgoing final rents and negative 3.2% if compare incoming average rents vs outgoing average...