CapitaLand Investment Limited (SG:9CI) has released an update.
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CapitaLand Integrated Commercial Trust (CICT) has reported a 3.7% increase in distributable income for the first half of 2024, reaching S$366.5 million, and a 2.5% rise in distribution per unit to 5.43 cents. This growth comes despite the temporary loss of income from Gallileo during its asset enhancement initiative and an increased unit base. The company has successfully managed leases, achieving high occupancy rates for its properties, and anticipates completing asset enhancements in the second half of 2025.
For further insights into SG:9CI stock, check out TipRanks’ Stock Analysis page.