CapitaLand Integrated Commercial Trust's (SGX:C38U) net property income edged down by 0.8% during the first quarter of 2025 to SG$291.5 million from a year earlier, according to a filing with the Singapore Exchange on Friday.
Gross revenue also fell 0.8% year over year to SG$395.3 million, mainly due to the absence of income from 21 Collyer Quay, which was divested on Nov. 11, 2024.
Portfolio occupancy stood at 96.4% as of March 31, with a weighted average lease expiry of 3.2 years.
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