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CapitaLand Integrated Commercial Trust DPU Rose To 5.18 Singapore Cents in H1 2021

July 28, 2021 – CapitaLand Integrated Commercial Trust (CICT) announced that its distribution per unit (DPU) for the first half of the year hit 5.18 Singapore cents, up from the 2.96 Singapore cents DPU in the same period last year.

With the record date on Thursday, 5 August 2021, Unitholders can expect to receive the DPU on Thursday, 9 September 2021.

For 1H 2021, CICT delivered an improved set of financial results on the back of an enlarged portfolio. Gross revenue was S$645.7 million and net property income was S$472.2 million.

Mr Tony Tan, CEO of CapitaLand Integrated Commercial Trust Management Limited (CICTML), said: “The operational challenges arising from the evolving pandemic situation have affected our business as well as our tenants. We have provided more regular cleaning and adopted safe management measures to ensure the safety of our shoppers and tenants. Targeted support was also given to more affected tenants due to restrictions in trading and during Phase 2 (Heightened Alert).”

“In view of persisting market uncertainty, we will continue to be agile and flexible in managing our portfolio. Deepening stakeholder engagement and providing tenants with the appropriate targeted support to enhance the resilience of CICT’s ecosystem remains an ongoing focus.”

Read more here..

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