An announcement from CapitaLand Investment Limited ( (SG:9CI) ) is now available.
CapitaLand Integrated Commercial Trust (CICT) reported a 6.4% increase in distributable income to S$385.7 million for the second half of 2024, driven by strategic acquisitions, notably a 50% interest in ION Orchard, and effective cost management. Despite divestments, CICT’s portfolio value increased by 6.2% to S$26 billion, demonstrating resilience and strong performance amid market uncertainties. The trust’s distribution yield for FY 2024 was 5.6%, reflecting its solid financial health and strategic positioning.
More about CapitaLand Investment Limited
YTD Price Performance: -7.63%
Average Trading Volume: 9,429,806
Technical Sentiment Consensus Rating: Buy
Current Market Cap: S$12.39B
Learn more about 9CI stock on TipRanks’ Stock Analysis page.