CapitaLand Integrated Commercial Trust (C38U) Investor presentation summary

Portfolio overview

• Holds S$30.9B in investment properties, with 95% in Singapore, 3% in Germany, and 2% in Australia.

• Portfolio includes 21 properties in Singapore, diversified across retail, office, and integrated developments.

• Maintains high occupancy rates: 97.7% for retail, 94.4% for office, and 95.5% for integrated projects as of June 2026.

• Top 10 tenants contribute only 16% of total rental income, with no single tenant exceeding 5%.

Value creation and growth strategy

• Focuses on stable distributions and sustainable returns through asset enhancement, redevelopment, and strategic acquisitions.

• Recent major transactions include the sale of Asia Square Tower 2 and acquisition of Paragon, improving portfolio yield and DPU.

• Ongoing and upcoming asset enhancement initiatives (AEIs) at key properties, including S$160M phased upgrade for Plaza Singapura and The Atrium@Orchard.

• Won bid for Hougang Central mixed-use site, expanding retail footprint in Singapore’s northeast with >5% cost yield.

Financial and capital management

• 1H 2026 revenue rose 7.5% YoY to S$846.8M; net property income up 8.7% to S$630.5M; DPU increased 7.1% to 6.024 cents.

• Maintains a healthy balance sheet with 37.4% leverage and 78% of debt at fixed rates as of June 2026.

• Interest coverage ratio at 3.9x; average debt maturity 4.1 years; Moody’s A3 and S&P A- ratings.

• Diversified funding sources, with sustainable/green financing comprising a significant portion.