Shares & Derivatives
CapitaLand Integrated Commercial Trust’s 2H FY23 Result Review
By REIT-TIREMENT  •  March 3, 2024
Basic Profile & Key Statistics Key Indicators Performance Highlight Gross revenue, NPI, distributable income & DPU have improved YoY due to higher rental and higher occupancy. Shopper Traffic and Tenant Sales Both tenant sales and shopper traffic have improved YoY in which tenant sales continue to surpass pre-Covid level. Rental Reversion Rental reversion is at 8.5% for the retail portfolio and 9% for the office portfolio. Asset Enhancement Initiative AEI for IMM is scheduled to start in 1Q 2024 and expected to be completed by 3Q 2025. Additionally, AEI for 101 Miller Street is projected to be completed by 2Q 2024. As for Gallileo, AEI is set to commence in February 2024 and will take a minimum of 18 months to complete. Related Parties Shareholding REIT sponsor and directors of the REIT manager hold a relatively low proportion of shares. Lease Profile Overall, the lease profile falls within the median range. Debt Profile WADM is relatively wrong with a well-spread...
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I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...

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