CapitaLand Integrated Commercial Trust's CapitaSpring asset. (Photo: REITsWeek)CapitaLand Integrated Commercial Trust's CapitaSpring asset. (Photo: REITsWeek)

CapitaLand Integrated Commercial Trust (CICT) finished the session on 6 July lower by about 1% from its previous close, continuing the sharper decline seen in the previous day.

Overall, the REIT’s unit price has fallen by close to 5% since 5 July, when Morgan Stanley downgraded the REIT to 'underweight' rating citing rising interest rates.

CICT is a mixed commercial REIT with a portfolio of retail assets across Singapore, and office assets across Australia, Germany, and Singapore.

Related: CapitaLand Integrated Commercial Trust sees SGD15 million outflow of institutional funds


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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.