CapitaLand Integrated Commercial (CICT) is the largest REIT in Singapore and the third largest REIT in Asia Pacific. As of 31 December 2021, it owns a portfolio of 11 retail malls, 7 office buildings, and 5 integrated developments in Singapore and Germany valued collectively at S$22.5 billion. CICT is primarily exposed to the Singapore economy as 95.7% of its revenue streams originate from the country. I attended CICT’s recent annual general meeting to learn more about its past year’s performance and its outlook ahead as Singapore emerges from the pandemic. Here are eight things I learned from the 2022 CapitaLand Integrated Commercial Trust AGM. 1. Gross revenue grew 74.6% to S$1.3 billion and net property income (NPI) grew 85.5% to S$951.1 million in FY2021. The increase in revenue and NPI is due to CICT’s enlarged portfolio following the merger of CapitaLand Mall Trust (CICT’s predecessor) and CapitaLand Commercial Trust. CICT’s revenue is primarily diversified across the Singapore retail and office sectors, with a small contribution from Germany....