CapitaLand Integrated Commercial Trust
C38U.SI
Stock Exchange of Singapore2.39
SGD
+0.03
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CapitaLand Integrated Commercial Trust
C38U.SI
(Stock Exchange of Singapore)
Recent
price
2.39
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- CapitaLand Integrated Commercial Trust CapitaLand Integrated Commercial Trust (CICT) is the first and largest real estate investment trust listed on the Singapore Exchange Securities Trading Limited, with a market capitalisation of S$14.1 billion as at 31 December 2024; it owns and invests in quality income-producing commercial assets primarily in Singapore, including retail malls such as Bedok Mall, Bugis+, Bugis Junction, CQ @ Clarke Quay, IMM Building, Junction 8, Lot One Shoppers' Mall, Tampines Mall, Westgate, Bukit Panjang Plaza and a 50% interest in ION Orchard; office properties such as Asia Square Tower 2, CapitaGreen, Capital Tower, Six Battery Road, a 70% interest in CapitaSky, Gallileo and Main Airport Center (each with 94.9% interest) in Frankfurt, Germany, 66 Goulburn Street, 100 Arthur Street and a 50% interest in 101-103 Miller Street and Greenwood Plaza in Sydney, Australia; and integrated developments such as Funan, Plaza Singapura, The Atrium@Orchard and Raffles City Singapore. The portfolio comprises 26 properties with a total value of S$26.0 billion and 12.4 million square feet of net lettable area as at 31 December 2024, predominantly in Singapore (94%), serving diverse tenants across banking, financial services, retail, IT, legal and other sectors with a portfolio weighted average lease expiry of 3.2 years and occupancy of 96.4%. Established in July 2002 as CapitaLand Mall Trust and renamed CICT in November 2020 following its merger with CapitaLand Commercial Trust, CICT is externally managed by CapitaLand Integrated Commercial Trust Management Limited, a wholly-owned subsidiary of CapitaLand Investment Limited CapitaLand Investment Limited, and is headquartered at Capital Tower, 168 Robinson Road, Singapore. Recent developments include the completion of the divestment of 21 Collyer Quay and the serviced residence component of CapitaSpring in 2024-2025; the acquisition of a 50% interest in ION Orchard and ION Orchard Link in 2024; the issuance of green notes including S$200 million at 3.30% due 2035 in 2024 and S$300 million at 3.75% due 2034 earlier in the year; a private placement in August 2025 to raise approximately S$600 million; and the proposed acquisition of the remaining 55% interest in the commercial component of CapitaSpring (office and retail) from CapitaLand Development Limited and Mitsubishi Estate Co., Ltd. for an agreed property value of S$1,900 million, expected to complete in 3Q 2025 and increase CICT's ownership to 100% while delivering 1.1% DPU accretion on a pro forma 1H 2025 basis.