CapitaLand Integrated Commercial Trust (CICT) has announced a robust performance for the second half of 2025, with a 9.4% increase in distribution per unit (DPU) to 5.96 Singapore cents. This growth, reported on 6 February 2026, was attributed to strategic asset management and portfolio reconstitution, despite an enlarged unit base from a private placement in August 2025.
CICT’s distributable income rose by 16.4% year-on-year to S$449m, bolstered by contributions from ION Orchard, the acquisition of CapitaSpring’s commercial component, and improved performance from existing properties. However, this was partially offset by the divestment of 21 Collyer Quay. The Trust’s gross revenue increased by 4.7% to S$831.5m, whilst net property income grew by 6.8% to S$609.9m.
The portfolio’s property value saw a 5.2% uplift to S$27.4b, primarily due to the enhanced performance of the Singapore portfolio. Teo Swee Lian, Chairman of CICT Management Limited, highlighted the Trust’s commitment to maintaining a high-quality, Singapore-centric portfolio, with 94% of its property value anchored in the city-state.
CEO Tan Choon Siang noted the disciplined execution of CICT’s reconstitution strategy, which has strengthened the portfolio’s quality and earnings resilience. The Trust plans to redeploy capital from the sale of Bukit Panjang Plaza into new growth opportunities, including the development of a commercial component at Hougang Central.
Looking ahead, CICT aims to continue enhancing asset performance and pursuing growth opportunities, whilst maintaining strong financial discipline. The Trust is poised to benefit from a lower interest rate environment and remains agile in navigating market conditions.
