Basic Profile & Key Statistics
Key Indicators
Performance Highlight
Both gross revenue and net property income (NPI) showed slight year-on-year (YoY) improvements, driven by stronger income across the portfolio. This was achieved despite the absence of income from Gallileo due to AEI and the divestment of 21 Collyer Quay in November 2024 partially offset these gains. The amount available for distribution and distributable income saw a more significant increase, primarily due to the contribution from the 50% interest in ION Orchard (acquired in October 2024) and lower retention. However, DPU remained the same due to the enlarged unitholder base following the equity fundraising.
Shopper Traffic and Tenant Sales
For FY24, both tenant sales and shopper traffic improved YoY, largely due to the two-month contribution from ION Orchard. Excluding ION Orchard, tenant sales decreased by 1%, while shopper traffic increased by 4%.
Rental Reversion
CICT achieved positive rental reversions, with an 8.8% uplift for
