CapitaLand Integrated Commercial Trust (C38U)

Overview

CapitaLand Integrated Commercial Trust (CICT) is renowned as the premier and most sizeable real estate investment trust (REIT) on the Singapore Exchange Securities Trading Limited (SGX-ST), boasting a market capitalisation of S$13.7 billion as of 31 December 2023. The Trust initially entered the SGX-ST in July 2002 under the name CapitaLand Mall Trust and underwent a rebranding to CICT in November 2020, following a strategic merger with CapitaLand Commercial Trust. CICT's investment strategy focuses primarily on owning and investing in high-quality, income-producing assets chiefly utilized for commercial purposes, predominantly located within Singapore. In its capacity as the most significant representation of Singapore's commercial real estate sector, CICT's portfolio features 21 properties in Singapore, alongside international assets with two properties in Frankfurt, Germany, and three properties in Sydney, Australia. The combined value of the properties in CICT's portfolio amounts to S$24.5 billion, reflecting the valuations of its proportionate interests as of 31 December 2023. The Trust is efficiently managed by CapitaLand Integrated Commercial Trust Management Limited, a fully-owned subsidiary of CapitaLand Investment Limited, which is recognized as a leading global player in the real estate investment management arena, with a pronounced presence in Asia.

Products and Services

CICT's portfolio encompasses a diverse array of quality income-producing assets, detailed as follows:

• Retail Properties: The Trust owns several prime retail properties located predominantly in Singapore, designed to cater to a wide range of shopping and lifestyle needs. These retail spaces attract a significant footfall, contributing to the Trust's robust income stream.
• Office Buildings: A significant portion of CICT's portfolio is made up of office buildings, particularly in Singapore's central business district. These high-grade office spaces are leased to reputable tenants, ensuring stable and recurring rental income.
• Commercial Assets in Germany: Expanding its geographical footprint, CICT has invested in two commercial properties in Frankfurt, Germany. These assets are strategically located and add to the Trust's international diversification, thereby enhancing its growth prospects.
• Commercial Assets in Australia: Further diversifying its portfolio, CICT owns three properties in Sydney, Australia. These assets underscore the Trust's commitment to tapping into the growth potential of other robust real estate markets outside of Singapore.