CICT net property income doubles to $472m in 1H2021

CapitaLand Integrated Commercial Trust’s committed portfolio occupancy was at 94.9% as of end-June.

CapitaLand Integrated Commercial Trust (CICT), a subsidiary of CapitaLand, more than doubled its net property income to $472.1m from $216.3m in the first half of 2021.

“In CICT’s core markets of Singapore and Frankfurt, retail, office, and integrated development assets remain in demand. To future-enable our properties, we are leveraging technology and taking proactive steps to adapt and reposition,” said CICT Management Limited CEO Tony Tan in a bourse disclosure.

Distributable income is at $225.9m, driven by the contribution from Raffles City Singapore and other properties following the merger with CapitaLand Commercial Trust.

Portfolio occupancy as of end-June was at 94.9%, with approximately 1.0 million square feet of new leases and renewals.

Follow the link for more news on

CapitaLand

Financial Statements

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia