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25 Apr 2025
CICT reports 1QFY2025 NPI of $291.5 mil, 0.8% lower y-o-y, from 21 Collyer Quay divestment
Summary: CapitaLand Integrated Commercial Trust (CICT) reported a 0.8% decrease in gross revenue and net property income (NPI) for 1QFY2025, primarily due to the divestment of 21 Collyer Quay. On a like-for-like basis, both revenue and NPI grew by 1.1% and 1.4% respectively. CICT plans to enhance Tampines Mall and curate retail experiences to align with demographic changes in Singapore.