Lower costs boost CICT's NPI by 5.4% YoY to $582.4m in H1

Higher NPI boosted the trust's distributable income by 3.7% YoY.

The net property income (NPI) of CapitaLand Integrated Commercial Trust grew by 5.4% YoY to $582.4m in H1 2024, supported by lower utility costs and property management reimbursement savings.

Boosted by increased NPI, the trust's distributable income improved by 3.7% YoY to $366.5m.

In a similar trend, distribution per unit (DPU) rose 2.5% YoY to $0.0543.

CICT unitholders can expect to receive their 1H 2024 DPU on Thursday, 26 September.

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CapitaLand Integrated Commercial Trust

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