<  See all Singapore REITs

CapitaLand Integrated Commercial Trust (CICT)

SGX:C38U
Dividend Yield 5.31%
P/B Ratio 1.04
Aggregate Leverage Ratio 39.4
Occupancy Rate 96.4%
WALE 3.5 year(s)
Interest Coverage Ratio 3 times
Fixed Rate Debt 76%
Ex-dividend Date 20 Aug 2024
Record Date 21 Aug 2024
Payout Date 26 Sep 2024
Type Retail & Office

Remarks

Despite the challenging, high interest rate environment, CICT still managed to grow its revenue (+1.7%) and NPI (+5.4%) year over year.
David Ang - 5 Nov 2024
CICT's debt profile remained stable in 3Q 2024, with the aggregate leverage ratio strengthening from 39.8% to 39.4%, and the ICR stayed at 3.0x. Overall, the debt profile remains stable and healthy.
David Ang - 5 Nov 2024
CICT's portfolio occupancy rate, at 96.4%, is healthy. The REIT also achieved favorable 3Q 2024 rental reversion rates of 9.2% for its retail and 11.7% for its office portfolios.
David Ang - 5 Nov 2024
CICT's debt maturity distribution is well-staggered over the next several years, with no more due in 2024, 13% in 2025, and the rest for 2026 and beyond. Should the higher interest rate environment persist throughout 2024-2025, only about 13% is due for refinancing with higher rates.
David Ang - 5 Nov 2024
The tenant mix is diversified across many industries, with the largest contributing to 5.2% of CICT's gross rental income and the second largest contributing to 2.4%. The rest contribute less than 2% each.
David Ang - 19 Apr 2024

Geographical Exposure

Singapore 94.2%
Australia 3.3%
Germany 2.5%

Sectoral Exposure

Retail 63.4%
Office 36.6%

Dividend Distribution History (DPU)

Debt Maturity Profile

In $ millions
Show debt maturity profile details
Fiscal Year Debt (in $ millions) Percentage
FY25 1,305 13%
FY26 1,321 13%
FY27 1,948 20%
FY28 1,451 14%
FY29 1,631 17%
FY30 1,114 11%
FY31 305 3%
FY32 250 3%
FY33 258 3%
FY34 300 3%
Disclaimer: We do not guarantee the data above is accurate. The information presented here is for general information only. It is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice or recommendation of any sort. Please do your own research before investing.