Staff Reporter
,
Singapore
Photo from Shutterstock
Higher NPI boosted the trust's distributable income by 3.7% YoY.
The net property income (NPI) of CapitaLand Integrated Commercial Trust grew by 5.4% YoY to $582.4m in H1 2024, supported by lower utility costs and property management reimbursement savings.
Boosted by increased NPI, the trust's distributable income improved by 3.7% YoY to $366.5m.
In a similar trend, distribution per unit (DPU) rose 2.5% YoY to $0.0543.
CICT unitholders can expect to receive their 1H 2024 DPU on Thursday, 26 September.
Join Singapore Business Review community
Since you're here...
...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
Let us help you drive your business forward with a good partnership!