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CICT seen as 'strongest contender' for Mercatus portfolio among local retailers: DBS

Felicia Tan
Felicia Tan8/16/2022 12:40 AM GMT+08  • 2 min read
CICT seen as 'strongest contender' for Mercatus portfolio among local retailers: DBS
The analysts from DBS see the REIT benefitting from the reopening of domestic and international borders. Photo: CICT
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DBS Group Research analysts Rachel Tan and Derek Tan have kept “buy” on CapitaLand Integrated Commercial Trust (CICT) as they see the REIT benefitting from the reopening of domestic and international borders.

The REIT is also seen as a key proxy of the reopening play.

“We estimate CICT could deliver a 6% two-year distribution per unit (DPU) compound annual growth rate (CAGR), one of the stronger growth rates among its peers,” the analysts write.

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