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CapitaLand Integrated Commercial Trust Q1 Net Property Income Up 11.3% to S$276.3 Million

CapitaLand Integrated Commercial Trust Q1 Net Property Income Up 11.3% to S$276.3 Million

April 28, 2023 – CapitaLand Integrated Commercial Trust (CICT) Q1 to March 31 net income climbed 11.3% to S$388.5 million year-on-year, boosted by full-quarter contributions from acquisitions and higher gross rental income. The REIT expects continued rental recovery in 2023 for retail properties while office rents are seen likely to hold firm.

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