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CapitaLand Integrated Commercial Trust (CICT)

SGX:C38U
Dividend Yield 5.64%
P/B Ratio 0.93
Aggregate Leverage Ratio 38.5
Occupancy Rate 96.7%
WALE 3.3 year(s)
Interest Coverage Ratio 3.1 times
Fixed Rate Debt 81%
Ex-dividend Date 12 Feb 2025
Record Date 13 Feb 2025
Payout Date 21 Mar 2025
Type Retail & Office

Remarks

Despite the challenging, high interest rate environment, CICT still managed to grow its revenue (+1.2%) and NPI (+1.3%) year over year.
David Ang - 5 Feb 2025
CICT's debt profile remained stable in 2H 2024. The aggregate leverage ratio strengthened from 39.4% to 38.5%, and the ICR increased from 3.0x to 3.1x. Overall, the debt profile remains stable and healthy.
David Ang - 5 Feb 2025
CICT's portfolio occupancy rate, at 96.7%, is healthy. The REIT also achieved favorable FY 2024 rental reversion rates of 8.8% for its retail and 11.1% for its office portfolios.
David Ang - 5 Feb 2025
CICT's debt maturity distribution is well-staggered over the next several years, with 10% due in 2025, 12% in 2026, and the rest for 2027 and beyond. Should the higher interest rate environment persist throughout 2025, only about 10% is due for refinancing with higher rates.
David Ang - 5 Feb 2025
The tenant mix is diversified across many industries. The largest contributes 4.9% of CICT's gross rental income, and the second largest contributes 1.7%. The rest contribute less than 1.7% each.
David Ang - 5 Feb 2025

Geographical Exposure

Singapore 94.5%
Australia 2.9%
Germany 2.6%

Sectoral Exposure

Retail 65.3%
Office 34.7%

Dividend Distribution History (DPU)

Debt Maturity Profile

In $ millions
Show debt maturity profile details
Fiscal Year Debt (in $ millions) Percentage
FY25 1,022 10%
FY26 1,215 12%
FY27 1,941 19%
FY28 1,921 18%
FY29 1,498 15%
FY30 1,111 11%
FY31 305 3%
FY32 250 2%
FY33 258 3%
FY34 475 5%
FY35 200 2%
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.