CapitaLand Integrated Commercial Trust
C38U: XSES (SGP)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| SGD 5.85 | Ftcrc | Lpmdwblyp |
CICT’s 2021 in Line; FVE Lowered to SGD 2.54; Office and Suburban Assets to Drive Near-Term Growth
Business Strategy and Outlook
CapitaLand Integrated Commercial Trust was established following the merger of CapitaLand Mall Trust and CapitaLand Commercial Trust in October 2020. The trust has a diversified portfolio of 24 properties, which includes offices (mainly in the central business district), retail malls, and integrated development. Most of the properties are in Singapore except for two offices in Frankfurt, Germany; the acquisition of two offices in Sydney is pending. Due to its diversified nature across different asset classes, we expect the trust to be more resilient through market cycles.