CapitaLand Integrated Commercial Trust (CICT) reported distribution per unit of 5.43 cents for 1H24, a 2.5% increase compared to the 1H23. Summary of CapitaLand Integrated Commercial Trust's 1H24 results CapitaLand Integrated Commercial Trust (CICT) reported its earnings and dividends for the first half of 2024 (1H24).

• CapitaLand Integrated Commercial Trust 1H24 DPU rose 2.5% year-on-year to 5.43 cents
• This translates to an annualised dividend yield of 5.2%.

Source: CICT CICT recorded higher revenue and net property income (NPI) in 2Q24 year-on-year across all its asset classes. NPI grew 6.6%, 3.0% and 4.2% for retail, office and integrated development respectively, from higher rents and lower operating expenses. CQ@Clarke Quay contributed to the higher NPI growth for retail. NPI margin improved across all asset class. Source: CICT Overall occupancy rate dipped slightly by 0.2%-point to 96.8% from 1Q24. This excludes IMM Building in Singapore and Galileo in Frankfurt which are undergoing AEI work. The decline is mainly due to lower occupancy the overseas assets. Occupancy at Main...