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CapitaLand Integrated Commercial Trust (CICT)

SGX:C38U
Dividend Yield 5.07%
P/B Ratio 1.01
Aggregate Leverage Ratio 40
Occupancy Rate 97%
WALE 3.6 year(s)
Interest Coverage Ratio 3.1 times
Fixed Rate Debt 76%
Ex-dividend Date 14 Feb 2024
Record Date 15 Feb 2024
Payout Date 28 Mar 2024
Type Retail & Office

Remarks

CICT's portfolio occupancy rate, at 97%, is healthy. The REIT also achieved favorable Q1 2024 rental reversion rates of 7.2% for its retail and 14.1% for its office portfolios.
David Ang - 19 Apr 2024
CICT's debt profile was stable in Q1 2024, with the aggregate leverage ratio climbing slightly from 39.9% to 40.0% and the ICR stable at 3.1x. Overall, the debt profile remains stable and healthy. The aggregate leverage ratio of 40.0% is still far from the regulatory limit of 50%.
David Ang - 19 Apr 2024
CICT's debt maturity distribution is well-staggered over the next several years, with 13% 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 26% is due for refinancing with higher rates.
David Ang - 19 Apr 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 93.7%
Australia 3.6%
Germany 2.7%

Sectoral Exposure

Retail 52.6%
Office 40.9%
Hospitality 6.5%

Dividend Distribution History (DPU)

Debt Maturity Profile

In $ millions
Show debt maturity profile details
Fiscal Year Debt (in $ millions) Percentage
FY24 1,240 13%
FY25 1,310 13%
FY26 1,326 13%
FY27 1,495 15%
FY28 1,227 12%
FY29 1,501 15%
FY30 1,015 10%
FY31 305 3%
FY32 250 3%
FY33 258 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.