CICT’s net property income up by 0.5% YoY in Q1

This was due to its integrated development performance.

Capitaland Integrated Commercial Trust (CICT) documented a net property income of $248.3m in the first quarter (Q1) of 2022, which is 0.5% higher than the $246.1m recorded in the same period last year.

As this happened, the real estate investment trust’s gross revenue grew by 1.5%, on a yearly basis, to $339.7m in Q1 2022 from $334.8m in Q1 2021.

The increase was on the back of integrated development performance, CICT said.

The firm noted some completed transactions such as divestment of shopping centre JCube last March, completed the acquisition of a property in Australia namely 66 Goulburn Street and 100 Arthur Street, and completed acquisition of 70% interest in CapitaSky, which is a Grade A Office previously called 79 Robinson Road.

It also reported a retail occupancy of 96.6%, as of March 2022, and a retention rate of 91% in Q1 2022.

Follow the link for more news on

CapitaLand

cict NPI q1 2022

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia