CICT's NPI up by 1.6%YoY in Q3

Retail growth lifted Q3 income whilst office contributions hold steady.

CapitaLand Integrated Commercial Trust (CICT) reported a $294.4m net property income (NPI), a 1.6% year-on-year increase in the third quarter of the year, as higher reversions and stable occupancy supported income.

Gross revenue over the period climbed by 1.5% year on year to $403.9m for the Q3 2025, driven by stronger rental returns from its retail and integrated development portfolios.

For the nine-month period ended September, gross revenue reached $1.19b and NPI $874.2m. Whilst retail out-performed with double-digit rent reversions and rising tenant sales, the office portfolio delivered flat NPI, reflecting divestments and headwinds in leasing.

CICT said the figures underscore consistent income generation and its ability to maintain yield despite cyclical headwinds. It pointed to its recent acquisition of CapitaSpring, which will contribute from Q4, and said focus remains on rental growth and asset-enhancement initiatives.

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CapitaLand Integrated Commercial Trust

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