CICT’s DPU went up 2.7% YoY to 5.36 cents in H2 22

Its distributable income was at $355.1m.

The CapitaLand Integrated Commercial Trust (CICT) posted a distribution per unit (DPU) of 5.36 cents in the second half of 2022, an increase of 2.7% from 2021.

The distributable income was at $355m for the six months that ended 31 December 2022, up 4.8% YoY compared to $338.8m in 2021.

Its gross revenue went up 14.4% YoY to $754.1m and net property income increased 13.1% YoY to $541.7m.

“The better performance was largely driven by contributions from the acquired 70.0% interest in CapitaSky and the Australian portfolio as well as higher rental income from most of the Singapore assets. This was partially offset by higher operating expenses and divestment of JCube,” read the statement.