0204 GMT - CapitaLand Integrated Commercial Trust is focusing on generating organic growth via asset enhancement initiatives, UOB Kay Hian's Jonathan Koh says in a note. Phases 3 and 4 of AEI for CICT's IMM Building in Singapore will be completed in 3Q, while the REIT is set to finalize AEI plans for its Tampines Mall asset in 4Q, the analyst notes. These initiatives are aimed at driving higher rents and occupancy and tenant-mix optimization, Koh says. The brokerage raises its distribution-per-unit forecasts for CICT by 1.1% for 2025 and 1.5% for 2026 to reflect lower average cost of debt, with an unchanged buy rating. Units are unchanged at S$2.18. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
June 29, 2025 22:04 ET (02:04 GMT)
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