CapitaLand Integrated Commercial Trust (CICT)

Temasek’s Fullerton disposes of 906,400 units in CICT at $1.798 each - THE EDGE SINGAPORE

Insider moves

Temasek’s Fullerton disposes of 906,400 units in CICT at $1.798 each

Following the disposal, Fullerton’s stake in the REIT is now at 23.99%.

Results

CICT reports 3QFY2023 gross revenue of $391.3 mil, 4.6% higher y-o-y

For the 9MFY2023, the REIT’s gross revenue rose by 9.8% y-o-y to $1.17 billion.
Maybank keeps ‘neutral’ call on S-REITS, prefers CapitaLand Integrated Commercial Trust and Mapletree Logistics Trust - THE EDGE SINGAPORE

Broker's Calls

Maybank keeps ‘neutral’ call on S-REITS, prefers CapitaLand Integrated Commercial Trust and Mapletree Logistics Trust

The repricing of debt and forex translation losses will affect DPU performance of S-REITs this quarter, says analyst Krishna Guha.
CICT and CDL remain unaffected by WeWork's bankruptcy warning (update) - THE EDGE SINGAPORE

Property

CICT and CDL remain unaffected by WeWork's bankruptcy warning (update)

The co-working company is a tenant at some of CICT, Suntec REIT, MPACT and CDL’s properties.

Broker's Calls

Analysts mixed on CICT’s DPU outlook as interest costs expected to increase in 2HFY2023

Analysts from CGS-CIMB and DBS have kept their "buy" and "add" calls, while RHB has stayed "neutral".
CICT reports 1HFY2023 DPU of 5.3 cents, 1.5% higher y-o-y - THE EDGE SINGAPORE

Results

CICT reports 1HFY2023 DPU of 5.3 cents, 1.5% higher y-o-y

Unitholders will receive their DPU on Sept 15.
Office property valuation declines could affect S-REITs  - THE EDGE SINGAPORE

REITs

Office property valuation declines could affect S-REITs

Dexus' transaction of a Sydney property at 17% discount to valuation could impact S-REITs
CICT prices $400 mil worth of seven-year green bonds - THE EDGE SINGAPORE

REITs

CICT prices $400 mil worth of seven-year green bonds

The bonds will carry a coupon of 3.938% per annum (p.a.).
Temasek portfolio company disposes of CICT units worth $4.1 mil - THE EDGE SINGAPORE

Company in the news

Temasek portfolio company disposes of CICT units worth $4.1 mil

Immediately after the transaction, Temasek had a deemed interest of 1,594,635,940 CICT units, or 23.97% of voting units.
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