CapitaLand says it is seeing “encouraging signs of recovery” in 3QFY2020’s operating metrics as the Covid-19 situation stabilizes in its two largest markets, China and Singapore.

In its portfolio update released on Nov 3, the group says it has maintained discipline in shoring up liquidity and has been proactivity managing its cash position to maintain “robust” financial and liquidity positions.

The merger between CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) to form the enlarged REIT CapitaLand Integrated Commercial Trust (CICT) was completed on Oct 28, as the group’s repositioning of listed trusts takes shape.

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