CapitaLand Integrated Commercial Trust (C38U) Corporate presentation summary

Business overview and portfolio

• Market capitalization stands at S$19.8B with a portfolio property value of S$30.9B and 12.9M sq ft net lettable area as of July 2026.

• Portfolio is 95% in Singapore, with the remainder in Germany and Australia, diversified across office, retail, and integrated developments.

• Recognized as the largest proxy for Singapore's commercial real estate, with a focus on stable distributions and sustainable returns.

• Backed by a strong sponsor and experienced management, leveraging opportunities in developed markets.

Value creation and strategic initiatives

• Value creation is driven by optimizing rental rates, maintaining high occupancy, and managing operating expenses.

• Active asset enhancement initiatives (AEIs), redevelopments, and strategic divestments and acquisitions to unlock value.

• Recent major transactions include the acquisition of Paragon for S$3.9B and divestment of Asia Square Tower 2 for S$2.5B.

• Ongoing and upcoming AEIs at key assets such as Plaza Singapura, The Atrium @ Orchard, and Capital Tower, with targeted ROIs of 6-7%.

Development and expansion

• Awarded Hougang Central site for a landmark mixed-use development, adding ~300,000 sq ft of retail NLA and ~830 residential units, with completion targeted for 2030/2031.

• Development strategy focuses on increasing exposure in Singapore, expanding into the northeast region, and capitalizing on strong population catchment.

• Expected yield on cost for Hougang Central commercial component is over 5%.