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CICT posts 66.6% rise in Q1 net property income to S$247.1m
MON, APR 26, 2021 - 9:19 AM
CAPITALAND Integrated Commercial Trust (CICT) saw its net property income (NPI) rise 66.6 per cent in the first quarter ended March 31, 2021 to S$247.1 million from S$172.1 million a year ago, reported its manager in a business update on Monday morning.
Gross revenue rose 63.9 per cent year on year to S$334.8 million from S$204.3 million in Q1 2020.
The improved revenue and NPI for Q1 were mainly due to higher integrated development performance compared to the previous year, as well as after factoring in income contribution from office assets starting from Oct 21, 2020.
As at March 31, 2021, CICT' s committed portfolio occupancy stood at 95.9 per cent.
The Reit' s retail occupancy stood at 97.1 per cent with shopper traffic recovering to 74.3 per cent of the level a year ago, while tenants' sales for Q1 grew 2.9 per cent.
Office occupancy was 94.9 per cent, boosted by a 5.3 per cent increase in total new and renewal leases to 291,800 square feet (sq ft) for the quarter.
Occupancy rate of integrated developments stood at 96.5 per cent as at end-March 2021, with a weighted average lease expiry by monthly gross rental income of five years.
Overall, CICT' s portfolio weighted average lease expiry stood at 3.1 years based on the Reit' s 50 per cent interest in One George Street, 94.9 per cent interest in Gallileo and Main Airport Center, Frankfurt, and WeWork' s seven-year lease at 21 Collyer Quay.
After issuing two long tenor notes through its S$7 billion multicurrency medium term note programme in Q1, the trust' s average term to maturity has been extended to 4.4 years as at end-March 2021, compared to 4.1 years as at end-2020.
In its business update, the Reit manager said CapitaSpring is on track to complete in H2 of 2021. The upcoming integrated development at Raffles Place has achieved a committed occupancy of 50 per cent as at April 15, 2021 - with another 15 per cent under advance negotiation, it added.
https://www.businesstimes.com.sg/companies-markets/cict-posts-666-rise-in-q1-net-property-income-to-s2471m
MON, APR 26, 2021 - 9:19 AM
CAPITALAND Integrated Commercial Trust (CICT) saw its net property income (NPI) rise 66.6 per cent in the first quarter ended March 31, 2021 to S$247.1 million from S$172.1 million a year ago, reported its manager in a business update on Monday morning.
Gross revenue rose 63.9 per cent year on year to S$334.8 million from S$204.3 million in Q1 2020.
The improved revenue and NPI for Q1 were mainly due to higher integrated development performance compared to the previous year, as well as after factoring in income contribution from office assets starting from Oct 21, 2020.
As at March 31, 2021, CICT' s committed portfolio occupancy stood at 95.9 per cent.
The Reit' s retail occupancy stood at 97.1 per cent with shopper traffic recovering to 74.3 per cent of the level a year ago, while tenants' sales for Q1 grew 2.9 per cent.
Office occupancy was 94.9 per cent, boosted by a 5.3 per cent increase in total new and renewal leases to 291,800 square feet (sq ft) for the quarter.
Occupancy rate of integrated developments stood at 96.5 per cent as at end-March 2021, with a weighted average lease expiry by monthly gross rental income of five years.
Overall, CICT' s portfolio weighted average lease expiry stood at 3.1 years based on the Reit' s 50 per cent interest in One George Street, 94.9 per cent interest in Gallileo and Main Airport Center, Frankfurt, and WeWork' s seven-year lease at 21 Collyer Quay.
After issuing two long tenor notes through its S$7 billion multicurrency medium term note programme in Q1, the trust' s average term to maturity has been extended to 4.4 years as at end-March 2021, compared to 4.1 years as at end-2020.
In its business update, the Reit manager said CapitaSpring is on track to complete in H2 of 2021. The upcoming integrated development at Raffles Place has achieved a committed occupancy of 50 per cent as at April 15, 2021 - with another 15 per cent under advance negotiation, it added.
https://www.businesstimes.com.sg/companies-markets/cict-posts-666-rise-in-q1-net-property-income-to-s2471m
done an inspections by eyeballs on their town mall.
can see more people then sometime ago.
do not need to believe me. go shopping and meal in the downtown mall and feel for yourself.
holding my reits collected at low price for long term dividend income.
the constant fear about wfh also mitigated by social distancing. and once the wfm total remove the space will increased. or believe some may continue to keep a small section of rotating wfm
understand that there were some spot checks on offices for compliance.
meanwhile new economy business coming to singapore is creating some demand for office space.
wonder how they are doing on their ecommerce venture with sea. seems like not many people use their ecommerce initiatives. hope cict can announce on how their plan and how it is performing in this area.
can see more people then sometime ago.
do not need to believe me. go shopping and meal in the downtown mall and feel for yourself.
holding my reits collected at low price for long term dividend income.
the constant fear about wfh also mitigated by social distancing. and once the wfm total remove the space will increased. or believe some may continue to keep a small section of rotating wfm
understand that there were some spot checks on offices for compliance.
meanwhile new economy business coming to singapore is creating some demand for office space.
wonder how they are doing on their ecommerce venture with sea. seems like not many people use their ecommerce initiatives. hope cict can announce on how their plan and how it is performing in this area.
CapitaLand will undergo restructuring......existing shareholders will receive some
CapitaLand integrated and commercial trust shares. in a way, there will be more free float.
Probably share price will be depressed until restructuring takes place.
CapitaLand integrated and commercial trust shares. in a way, there will be more free float.
Probably share price will be depressed until restructuring takes place.
this fucuking stock just refuse to break 2.20
Any idea why this stock is moving so slowly? On 1 Nov 2020 it was at $2 and after almost 6 months, it' s still only at $2.19. So pathetic!!! Can this counter pls move fasterrrrrrr
Short to enjoy...
MACD & MA POSING A POSITIVE PRICE UPWARDS.
This week should be able to hit 2.30 at least. Retail & office REITs should chiong up! Peoples back to office & malls..
Will be slowly pushed up to reach 2.40 when the covid restrictions have been fully lifted.. People just can't afford not to have this SG largest REIT in their investment holdings..stay vested..
I think will reach 2.2
NICE
slowly surely
Good performance
U never see her left arm? 
Stocky901 ( Date: 25-Mar-2021 16:18) Posted:
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I upsize my holding in both Mother and Kids. See how you want to touch on me!
hokpin ( Date: 25-Mar-2021 16:32) Posted:
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Judgement day has come. CICT investor and the new bloods will take revenge!
Silo1234 ( Date: 25-Mar-2021 13:25) Posted:
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ahyo just let the weak sellers go first, just hold. alot sellers, alot buyers as well
alot sellers, alot buyers as well
How she knows it's long.. 😳
Starship ( Date: 25-Mar-2021 16:10) Posted:
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