The REIT reporting season is rolling in hard and fast. Because of the combination of surging inflation and high interest rates, many REITs have succumbed to these macroeconomic pressures and reported lower net property income (NPI) and distributable income. That’s not the case for CapitaLand Integrated Commercial Trust (SGX: C38U), or CICT, though. The retail cum commercial REIT pulled off an admirable performance with its latest fiscal 2023 first quarter (1Q 2023) business update. Here are five highlights from CICT’s latest business update. 1. A commendable financial performance CICT pulled off a commendable financial performance with gross revenue for the quarter rising 14.4% year on year to S$388.5 million. NPI improved by 11.3% year on year to S$276.3 million. The largest increase in NPI came from its office assets which saw the metric jump by 25.5% year on year to S$92.9 million. The performance of the integrated developments division was also admirable as NPI improved by 14.2% year on year to S$82.8 million....