CapitaLand Integrated Commercial Trust (CICT) is Singapore’s largest diversified real estate investment trust (REIT), with 21 properties in Singapore; 2 properties in Frankfurt, Germany; and 3 properties in Sydney, Australia. CICT’s total property valuation as of 31 December 2023 stands at S$24.5 billion. I attended CICT’s recent annual general meeting to gain insights into its performance over the past year and its outlook for the retail and office sectors. Here are 10 things I learned from the 2024 CICT AGM. 1. CICT registered higher year-on-year financial results, with gross revenue growing 8.2% to S$1.6 billion and net property income (NPI) up 7.0% to S$1.1 billion. The increase was mainly driven by full-year contributions from acquisitions, the completion of asset enhancement initiatives (AEIs), and higher growth rental income, such as from Raffles City. The main segment contributors are Suburban Retail, CBD Office, and Downtown Retail. Source: CapitaLand Integrated Commercial Trust...