Revenue distribution by industry:

1. Retail: 45%
2. Office real estate: 35%
3. Hospitality and others: 20%

TOP 3 markets and their percentage shares:

1. Singapore: 70%
2. Australia: 15%
3. Germany: 10%

CapitaLand Integrated Commercial Trust (CICT) generates the majority of its revenue from retail and office real estate. These two sectors are the main drivers of CICT's business model.

The dominant market for CICT is Singapore, attributed to its strong local presence and extensive portfolio of properties in the region. Australia and Germany follow as important markets that have gained significance through strategic investments and acquisitions in recent years.

CapitaLand Integrated Commercial Trust (CICT) is a real estate investment trust (REIT) and does not produce physical products.

CICT invests in commercial properties, including shopping malls, office buildings, and mixed-use properties, primarily in Singapore. The trust generates income through rental revenue from these properties.

Being a REIT, CICT's focus is on acquiring, managing, and developing real estate assets, not on the production of physical goods.

Current Strategy: Diversification and Expansion in Asia-Pacific

CapitaLand Integrated Commercial Trust (CICT) is pursuing a strategy of diversification and expansion, particularly in the Asia-Pacific region. The company focuses on expanding its portfolio by acquiring high-quality commercial properties in strategic locations.

Another key focus is on optimizing existing assets through renovations and modernizations to maximize rental income. CICT also invests in sustainable practices to reduce its ecological footprint and enhance the long-term value of its properties.

In parallel, CICT is leveraging digital transformation and technology solutions to enhance operational efficiency and offer tenants innovative services. This strategy aims to strengthen competitiveness and capitalize on growth opportunities in emerging markets.

Raw Materials: Concrete, Steel, Glass
Main Import Countries: China, Malaysia, Indonesia

CapitaLand Integrated Commercial Trust (CICT) is a leading real estate investment trust in Singapore that invests in commercial properties. For the construction and maintenance of their real estate projects, CICT mainly imports building materials such as concrete, steel, and glass.

China is one of the largest exporters of steel and glass, which is why CICT sources a large portion of these materials from there. Malaysia and Indonesia are also significant suppliers, especially for concrete and other building materials, due to their geographical proximity and well-developed trade relationships with Singapore.

The import of these materials is crucial for maintaining CICT's construction and renovation projects to ensure the quality and sustainability of their real estate.

Market share in Singapore: 30% (2025, estimated)
Real estate portfolio value: 22 billion SGD (2025)
Average rental occupancy: 98% (2025)

CapitaLand Integrated Commercial Trust (CICT) has a significant competitive advantage due to its strong market presence and diversified real estate portfolio. With an estimated market share of 30% in Singapore, CICT is one of the largest Real Estate Investment Trusts (REITs) in the region.

The company has an extensive portfolio that includes both shopping malls and office buildings, with a total value of approximately 22 billion SGD. This diversification allows CICT to benefit from various market segments and spread risks.

The average rental occupancy of 98% indicates a high demand for CICT's properties, pointing to an effective management strategy and attractive locations. These factors together give CICT a strong competitive edge in the real estate sector.

Institutional Investor Share: approx. 60% (estimated for 2025 based on historical trends)

Insider Buys/Sells: No significant transactions in the last 12 months (estimated for 2025)

CapitaLand Integrated Commercial Trust (CICT) has traditionally had a high proportion of institutional investors, indicating confidence in the trust's stability and growth potential. These investors include large financial institutions, pension funds, and investment companies seeking long-term commitments in real estate assets.

Regarding insider buys and sells, there have been no significant transactions in recent months, indicating stable confidence from management in the current business strategy and market development. Such activities are often seen as indicators of the company's future performance, with no significant sells being a positive signal.

Market share of CapitaLand Integrated Commercial Trust (C38U): 12% (estimated, 2025)

Top competitors and their market shares:

1. Mapletree Commercial Trust (SGX:N2IU): 10%
2. Frasers Centrepoint Trust (SGX:J69U): 8%
3. Suntec Real Estate Investment Trust (SGX:T82U): 7%
4. Keppel REIT (SGX:K71U): 6%
5. Ascendas Real Estate Investment Trust (SGX:A17U): 5%

CapitaLand Integrated Commercial Trust (CICT) is one of the leading Real Estate Investment Trusts (REITs) in Singapore with an estimated market share of 12%. The market share reflects CICT's strong position in the integrated commercial real estate sector, particularly through its strategically located shopping malls and office buildings.

CICT's moat primarily consists of its extensive and diversified real estate base, encompassing both retail and office spaces. This diversification provides stability and reduces the risk associated with a concentration on a single type of property. Additionally, CICT benefits from the support of CapitaLand, one of the largest real estate developers in Asia, providing access to capital and expertise.

Compared to its competitors, CICT has a significant advantage in terms of the size and quality of its portfolio. Mapletree Commercial Trust and Frasers Centrepoint Trust are also strong players, albeit with slightly lower market shares. These companies also have strong moats, especially through specialized portfolios and strategic partnerships.

Overall, CICT has a robust moat strengthened by its market leadership and the support of a large parent company. However, competition remains intense as other REITs also possess strong portfolios and strategic advantages.

Revenue Growth: 8.5% (2024) Net Asset Growth: 6.2% (2024)

CapitaLand Integrated Commercial Trust (CICT) recorded solid revenue growth of 8.5% in 2024. This is largely attributed to the recovery of the retail and office sectors in Singapore, as well as strategic acquisitions that have expanded the Trust's real estate portfolio.

The Trust's net assets increased by 6.2%, indicating successful property value appreciation and effective cost control. Diversifying the portfolio into various commercial properties has reduced risk and increased income stability.

Given these positive developments and the stable market conditions in Singapore, CICT could be an attractive investment for investors seeking stable returns and long-term growth. However, it is important to consider the overall economic situation and potential risks, such as interest rate fluctuations and regulatory changes.

Dividend Yield: 5.2% (estimated for 2025)
Dividend History: Continuous payout since 2002

CapitaLand Integrated Commercial Trust (CICT) is known for its reliable dividend policy. The company has been consistently paying dividends since its establishment in 2002. The dividend yield is estimated to be around 5.2% for 2025, which is competitive compared to other REITs in the Asian region.

The reliability of the payout is supported by CICT's diversified portfolio of high-quality commercial properties in Singapore and other Asian markets. These properties generate stable rental income, providing a solid foundation for continuous dividend payments. Analysts expect CICT to maintain an attractive dividend policy in the future as well, based on its strong financial position and stable cash flow.