CapitaLand Integrated Commercial Trust Announces Circular Dated 22 March 2023

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CAPITALAND ($SGX:C38U): CapitaLand Integrated Commercial Trust has announced a circular dated March 22, 2023. This circular provides information about the trust’s activities and plans for the future. The circular outlines CapitaLand Integrated Commercial Trust’s strategies for investing in integrated commercial complexes and its commitment to delivering sustainable returns to unitholders. The trust is focused on investing in integrated commercial complexes which provide a mix of retail, office and industrial space. It is also looking to expand its portfolio of investments in the Asia Pacific region. The circular highlights the trust’s efforts to achieve attractive yields, generate attractive returns and to create value for unitholders.

The circular also outlines the trust’s commitment to corporate responsibility and sustainability. This includes upholding high standards of corporate governance and adhering to the UN Global Compact Principles. The trust has also established rigorous environmental, social and governance (ESG) standards for its investments. Overall, the circular from CapitaLand Integrated Commercial Trust provides an overview of its activities and plans for the future. It outlines the trust’s commitment to delivering sustainable returns for unitholders, as well as its commitment to corporate responsibility and sustainability.

Market Price

The news so far has been generally positive, with the stock opening at SG$1.9 and closing at SG$1.9, an increase of 1.1% from the prior closing price. This marks a positive day on the markets for CICT and could be a sign of further stability and growth in the future. It is likely that CICT will continue to perform well in the days ahead, given the positive outlook thus far. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for C38U. More…

Key Ratios Snapshot

Some of the financial key ratios for C38U are shown below. More…

Analysis

GoodWhale has conducted an analysis of CAPITALAND INTEGRATED COMMERCIAL TRUST’s financials. According to the Star Chart, this company is classified as a ‘cow’, a type of company which has the track record of paying out consistent and sustainable dividends. This makes it attractive to investors who are looking for a steady stream of income. It has a high health score of 8/10 with regard to its cashflows and debt, indicating that it is capable to pay off debt and fund future operations. This makes it a suitable option for dividend investors who are looking for an investment that provides a steady income stream while still taking into account risk levels. More…

Peers

The competition between CapitaLand Integrated Commercial Trust and its competitors is fierce. Mapletree Pan Asia Commercial Trust, Suntec Real Estate Investment Trust, and Federal Realty Investment Trust are all vying for a share of the market in the commercial real estate sector. All of these companies have their own unique strategies and strengths, which makes the competition even more intense.

– Mapletree Pan Asia Commercial Trust ($SGX:N2IU)

Mapletree Pan Asia Commercial Trust (MPACT) is a real estate investment trust that has a market capitalization of 8.59 billion as of 2022. It primarily invests in a portfolio of income-producing real estate assets that are mainly used for commercial purposes in the Asia-Pacific region, including office space, retail space, and industrial space. MPACT’s portfolio is geographically diversified and consists of properties located in Singapore, Japan, Hong Kong, China, Australia, and Vietnam. The trust also provides asset management services to its properties as well as other investors. MPACT is listed on the Singapore Exchange Securities Trading Limited, and its market capitalization is one of the largest in Singapore.

– Suntec Real Estate Investment Trust ($SGX:T82U)

Suntec Real Estate Investment Trust (Suntec REIT) is a Singapore-based real estate investment trust that owns and manages a portfolio of office, retail, and hospitality assets located in Asia Pacific. As of 2022, Suntec REIT has a market capitalization of 3.96 billion dollars. The trust is managed by ARA Trust Management (Suntec) Ltd., a wholly owned subsidiary of ARA Asset Management Limited. Suntec REIT’s portfolio includes office, retail, hospitality and other related properties located in Singapore, Australia, China, Japan, and South Korea. The trust has a diversified portfolio with more than 30 properties and over 11 million square feet of gross floor area. Suntec REIT focuses on creating long-term value for its Unitholders through active asset management and capital recycling.

– Federal Realty Investment Trust ($NYSE:FRT)

Federal Realty Investment Trust is a real estate investment trust that specializes in the ownership, management, and development of retail and mixed-use properties. As of 2022, the company has a market capitalization of 8.33 billion dollars. This size of market capitalization makes Federal Realty Investment Trust one of the largest REITs in the United States. The company’s portfolio consists of over 20 million square feet of retail space, including shopping centers, street retail, and lifestyle centers located in major metropolitan markets across the country. The company also owns and controls properties in select urban markets. Federal Realty Investment Trust is committed to providing high-quality shopping experiences for its customers and increasing the value of its assets for its shareholders.

Summary

Analysts have generally given the company a buy rating, citing its impressive track record and stable cash flow. CICT is expected to benefit from the recovery of the office market in Singapore as tenants gradually return to their offices. Consequently, CICT is seen as a reliable long-term investment with potential for capital appreciation and healthy returns.