Data from CapitaLand Integrated Commercial Trust’s latest results have been updated into the Singapore REITs table.
CapitaLand Integrated Commercial Trust (CICT) has reported a distributable income of SGD335.9 million for its 1H 2021.
This is an increase of more than 200% compared to the distributable income of SGD109.7 million for the six months ended 30 June 2020.
The increase was largely driven by contribution from CapitaLand Commercial Trust (CCT) assets, and 100% contribution from Raffles City Singapore after the merger with CCT.
Gross revenue was SGD645.7 million, also a more than two-fold increase from the SGD318.4 million reported in 1H 2020.
Meanwhile, net property income for the half was SGD472.2 million, a 218% rise from the SGD216.4 million reported in 1H 2020.
The REIT’s full disclosures on its financial results can be viewed here.
CICT was last done on the Singapore Exchange (SGX) at SGD2.11, which currently implies a distribution yield of 4.91% according to data compiled on the Singapore REITs table.