CapitaLand Integrated Commercial Trust posts 7.9% rise in Q1 NPI to S$314.4 million
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CapitaLand Integrated Commercial Trust (CICT) reported a 7.9% increase in net property income (NPI) to S$314.4 million for Q1 2026, up from S$291.4 million a year earlier. Revenue rose 8% to S$426.7 million, driven by acquisitions and positive rent reversions in retail (4.4%) and office (6.1%) portfolios. Portfolio occupancy was 95.2%. CICT announced a proposed acquisition of Paragon for S$3.9 billion, funded by the sale of Asia Square Tower 2 for S$2.48 billion, expecting a net yield of 3.9%.
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