Mixed commercial REIT CapitaLand Integrated Commercial Trust (CICT) has addressed concerns over reported closures in the F&B industry and how it might affect retail rents.
The REIT also clarified its exposure to the cinema industry amid reports that a major non-tenant cinema operator is now delinquent on its rental payments.
CICT is a Singapore-heavy REIT that owns a portfolio of retail and office assets.
The REIT recently reported a full-year 2024 distribution per unit (DPU) of 10.88 cents, marking a 1.2% increase from the previous year.
Related: CapitaLand Integrated Commercial Trust reports rise in distributions for FY2024
Dear members, please login to continue reading this article.
Login or sign-up for a free 25-day trial here. Why subscribe?