CICT's Q1 NPI Up 6.3% to S$293.7 Million on Higher Rental Income, Lower Expenses
Capitaland Integrated Commercial Trust (CICT) reported a 6.3% increase in net property income (NPI) to S$293.7 million for the first quarter ended March 31.
The growth in NPI was driven by a rise in gross rental income and reduced operating expenses.
The Reit recorded a 2.6% increase in gross revenue to S$398.6 million, with gains seen across retail, office, and integrated development assets.
Portfolio committed occupancy was at 97% for the quarter, with a slight increase in weighted average lease expiry to 3.6 years.
Average debt term to maturity decreased slightly to 3.8 years, while aggregate leverage stood at 40% as of March 31.
During the quarter, CICT initiated asset enhancement initiatives for IMM Building in Singapore and Gallileo in Frankfurt, obtaining a lease agreement with the European Central Bank for 93% of Gallileo’s net lettable area.
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102855832 : solid and steady. huat
104357906 : Laotian
longyidao007 : Although the earnings report is profitable, the weekly and monthly MACD shows that the stock has not fallen through, and around 1.9 is a good buying point.
GM 1 longyidao007: Ur suggesting a price that’s way lower than the historical low of 2.44