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CICT reports more than double NPI of $242.6 mil for 3QFY2021

Felicia Tan
Felicia Tan10/22/2021 08:15 PM GMT+08  • 1 min read
CICT reports more than double NPI of $242.6 mil for 3QFY2021
Revenue for the 3QFY2021 also more than doubled to $329.0 million.
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The manager of CapitaLand Integrated Commercial Trust (CICT) has reported revenue of $329.0 million for the 3QFY2021 ended September, more than double revenue of $150.3 million in the 3QFY2020.

Net property income (NPI) during the quarter, too, more than doubled to $242.6 million, from $104.5 million in the corresponding period the year before.

According to the REIT, the enlarged portfolio and 100% contribution from Raffles City Singapore (RCS) boosted its financial performance for year-to-date (y-t-d) September.

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