CICT’s NPI up 1.3% YoY in H2 2024

DPU for FY2024 rose 1.2% YoY to $0.1088.

CapitaLand Integrated Commercial Trust (CICT) registered a 6.4% year-on-year (YoY) growth in distributable income to $385.7m in H2 2024 from $362.5m in H2 2023.

This growth was driven by the acquisition of a 50.0% interest in ION Orchard, strong performance in existing operating properties, and management of operating and interest costs.

Despite the divestment of 21 Collyer Quay on 11 November 2024, which partially offset gains during the period, net property income (NPI) rose 1.3% y-o-y to $571.1m.

Distribution per unit (DPU) for the period remained stable at $0.0545, comprising an advanced distribution of $0.0216 from 1 July to 11 September 2024, which was paid on 17 October 2024. For FY 2024, CICT achieved a DPU of $0.1088, up 1.2% YoY.

The record date for the remaining DPU of $0.0329 is set for February, and unitholders can expect to receive it on 21 March.

As of 31 December 2024, CICT’s committed portfolio occupancy stood at 96.7%. Its retail portfolio stood at 99.3% whilst its office and integrated development portfolios rose to 94.8% and 98.9%, respectively.

“In 2025, we remain committed to driving sustainable growth through active portfolio management and disciplined cost and capital management. We will also capitalise on growth opportunities while staying agile and responsive to market changes,” Teo Swee Lian, chairman of CITC’s manager said.

Follow the link for more news on

CapitaLand Integrated Commercial Trust

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