Record Distributable Income
Distributable income rose 12.4% year-on-year to a record $411.9 million for the first half of 2025.
DPU Increase
First half DPU increased 3.5% to a new high of $0.0562 despite an enlarged unit base, due to effective financial management and lower interest expenses.
Improved Financial Metrics
Aggregate leverage improved to 37.9%, down 0.6 percentage points from end 2024, and the average cost of debt declined to 3.4% from 3.6%.
Successful Asset Enhancements
AEIs at Gallileo and IMM Building are progressing well, with Gallileo reaching 97.7% committed occupancy and IMM's Phase 3 post-AEI occupancy at about 98.6%.
Proposed Acquisition of CapitaSpring
CICT announced the acquisition of the remaining 55% interest in CapitaSpring, with the entry yield at approximately 4.2% based on the first half 2025 NPI.
Tenant Confidence and Occupancy Rates
Overall occupancy stood at 96.3%, with tenant retention rates remaining high and rent reversion for the office portfolio at 4.8% and retail portfolio at 7.7%.