Tag: CapitaLand Integrated Commercial Trust (CICT)

  • Country Garden Misses Onshore Bond Payment and More Asia Real Estate Headlines

    Country Garden Misses Onshore Bond Payment and More Asia Real Estate Headlines

    Country Garden leads Mingtiandi’s headline roundup today after missing an RMB bond payment for the first time. Also making the list, China Vanke talks to banks about a debt swap to avoid default and Hong Kong’s apartment glut favours continued low home prices after last month’s big tax cut. Country Garden Misses Coupon Payment on…

  • CapitaLand Investment Buys Thailand Shed Site, Closes Japan Core Logistics Fund

    CapitaLand Investment Buys Thailand Shed Site, Closes Japan Core Logistics Fund

    Singapore’s CapitaLand Investment announced this week the acquisition of four properties, led by a greenfield warehouse project in Thailand, and the closing of a core logistics private fund in Japan. The investment manager in December acquired Omega 1 Bang Na, a 20 hectare (49.4 acre) freehold site near Bangkok, on behalf of its Southeast Asia…

  • CICT Distributable Income Rises 1.9% as Conservative Approach Yields Results

    CICT Distributable Income Rises 1.9% as Conservative Approach Yields Results

    CapitaLand Integrated Commercial Trust posted second-half distributable income of S$362.5 million, up 2.1 percent year-on-year, bringing the REIT’s full-year payout to S$715.7 million ($532 million), up 1.9 percent. Singapore-listed CICT’s distribution per unit for 2023 was 10.75 Singapore cents, up 1.6 percent, with price appreciation boosting total return to 6.3 percent, the trust’s manager said…

  • China Lists 50 Real Estate Firms Eligible for Funding and More Asia Real Estate Headlines

    China Lists 50 Real Estate Firms Eligible for Funding and More Asia Real Estate Headlines

    Chinese regulators are said to be drafting a list of 50 developers which will eligible for financing as part of a state-backed bailout, with that story leading Mingtiandi’s headline roundup today. Also in the news, McDonald’s agrees to buy Carlyle’s minority stake in the fast-food giant’s China unit and developer Sunac China says its ready…

  • CapitaLand’s CICT Books Flat Returns From Expanded Portfolio as Finance Costs Rise

    CapitaLand’s CICT Books Flat Returns From Expanded Portfolio as Finance Costs Rise

    Rising interest rates are denting the returns of some of Singapore’s biggest landlords, with CapitaLand Integrated Commercial Trust (CICT) achieving a 1.7 percent uptick in distributable income for the first half of the year as higher financing costs wiped out revenue gains. CICT, the largest SGX-listed REIT by market cap, booked S$774.8 million ($580 million)…

  • Shanghai Court Freezes $278M in Wanda Shares and More Asia Real Estate Headlines

    Shanghai Court Freezes $278M in Wanda Shares and More Asia Real Estate Headlines

    In today’s roundup of regional real estate headlines, a court order puts $278 million worth of Wanda Commercial shares on ice, and giant cracks in the road spark an evacuation at a Country Garden residential project in northern China. Also in the news, US commercial landlords face a $1.5 trillion debt reckoning and a Singapore…

  • CapitaLand’s CICT Books 11% Rise in Net Property Income as Singapore Market Booms

    CapitaLand’s CICT Books 11% Rise in Net Property Income as Singapore Market Booms

    Singapore’s growth as a centre for commerce and technology is boosting returns for the largest REIT listed on the country’s stock exchange, with CapitaLand Integrated Commercial Trust (CICT) reporting an 11.3 percent increase in its net property income in the first quarter, compared to the same period in 2022. The manager of the CapitaLand Group-sponsored…

  • CapitaLand’s CICT Posts 4.8% Rise in 2nd-Half Distributable Income, Boosted by Acquisitions

    CapitaLand’s CICT Posts 4.8% Rise in 2nd-Half Distributable Income, Boosted by Acquisitions

    CapitaLand Integrated Commercial Trust’s distributable income rose 4.8 percent year-on-year to S$355.1 million (now $268.2 million) in the second half of 2022, as the Singapore-listed REIT profited from contributions by newly acquired properties and higher rental income from most city-state assets. Distribution per unit for the six months to 31 December was 5.36 Singapore cents,…

  • China Home Prices Fall for 13th Month and More Asia Real Estate Headlines

    China Home Prices Fall for 13th Month and More Asia Real Estate Headlines

    China’s ongoing real estate struggles lead today’s news from around the real estate world, with home prices falling for a thirteenth straight month, as sales dropped 15 percent during September. That slide also includes developer Yango Group being hit with a winding-up petition in Hong Kong as well as both Guangzhou R&F and Fosun International…

  • Asia Real Estate People in the News 2022-08-01

    Asia Real Estate People in the News 2022-08-01

    Leadership changes at mainland real estate firms lead this week’s collection of personnel moves from around the region, as China Resources Land announces a new president at the same time that Shimao Services and LVGEM China say goodbye to non-executive directors. Also making the list are changes at LaSalle Investment Management, Digital Realty and CapitaLand…