CapitaLand Integrated Commercial Trust May Benefit From Potential Initiatives for Paragon -- Market Talk

Dow Jones
04/28

0208 GMT - CapitaLand Integrated Commercial Trust stands to benefit from potential initiatives for its planned Paragon mall acquisition, Citi Research's Brandon Lee says in a research report. The REIT would likely get incremental accretion in rental increases if the mall's FY 2025 retail passing rent of around S$26 a square foot is marked to market at S$30-S$35 a square foot, the analyst says. Also, the REIT could gain from tenant remixing when Metro department store's 82,000 square feet of space expires in FY 2027. In addition, possible asset-enhancement initiatives at the mall might lead to higher return on investment. Citi Research upgrades the REIT to buy from neutral and raises the target price to S$2.81 from S$2.30. Units are 0.8% lower at S$2.39. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

April 27, 2026 22:08 ET (02:08 GMT)

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