CapitaLand Integrated Commercial's Initiatives May Begin Contributing in 2H

Dow Jones

Feb 10, 2025

0331 GMT - CapitaLand Integrated Commercial Trust's asset enhancement initiatives are set to begin contributing in 2H, UOB Kay Hian's Jonathan Koh says in a research report as the brokerage maintains the REIT's buy rating. Phases three and four of the initiatives for the IMM Building in Singapore should finish in 3Q, while some areas of the Gallileo building in Germany are being upgraded and will be progressively handed over to tenant European Central Bank starting 2H, the analyst notes. However, the brokerage lowers its 2025 and 2026 distribution per unit forecasts for the REIT by 4% due to firmer interest rates. It trims the target price to S$2.37 from S$2.59. Units are unchanged at S$1.98. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

February 09, 2025 22:31 ET (03:31 GMT)

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Phases three and four of the initiatives for the IMM Building in Singapore should finish in 3Q, while some areas of the Gallileo building in Germany are being upgraded and will be progressively handed over to tenant European Central Bank starting 2H, the analyst notes. However, the brokerage lowers its 2025 and 2026 distribution per unit forecasts for the REIT by 4% due to firmer interest rates. It trims the target price to S$2.37 from S$2.59. Units are unchanged at S$1.98. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 09, 2025 22:31 ET (03:31 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CapitaLand Integrated Commercial's Initiatives May Begin Contributing in 2H</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCapitaLand Integrated Commercial's Initiatives May Begin Contributing in 2H\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-10 11:31</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0331 GMT - CapitaLand Integrated Commercial Trust's asset enhancement initiatives are set to begin contributing in 2H, UOB Kay Hian's Jonathan Koh says in a research report as the brokerage maintains the REIT's buy rating. Phases three and four of the initiatives for the IMM Building in Singapore should finish in 3Q, while some areas of the Gallileo building in Germany are being upgraded and will be progressively handed over to tenant European Central Bank starting 2H, the analyst notes. However, the brokerage lowers its 2025 and 2026 distribution per unit forecasts for the REIT by 4% due to firmer interest rates. It trims the target price to S$2.37 from S$2.59. Units are unchanged at S$1.98. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 09, 2025 22:31 ET (03:31 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6137","symbol_name":"零售房地产信托","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2510921006","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2510921006","pubTimestamp":1739158260,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0331 GMT - CapitaLand Integrated Commercial Trust's asset enhancement initiatives are set to begin contributing in 2H, UOB Kay Hian's Jonathan Koh says in a research report as the brokerage maintains the REIT's buy rating. Phases three and four of the initiatives for the IMM Building in Singapore should finish in 3Q, while some areas of the Gallileo building in Germany are being upgraded and will be progressively handed over to tenant European Central Bank starting 2H, the analyst notes. However, the brokerage lowers its 2025 and 2026 distribution per unit forecasts for the REIT by 4% due to firmer interest rates. It trims the target price to S$2.37 from S$2.59. Units are unchanged at S$1.98. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK6137":"零售房地产信托","BK6512":"房地产股","C38U.SI":"凯德商用新加坡信托","BK6011":"零售业房地产投资信托"},"translate_title":"凯德综合商业的举措可能会在下半年开始做出贡献","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"C38U.SI":0.9},"content_text":"0331 GMT - CapitaLand Integrated Commercial Trust's asset enhancement initiatives are set to begin contributing in 2H, UOB Kay Hian's Jonathan Koh says in a research report as the brokerage maintains the REIT's buy rating. Phases three and four of the initiatives for the IMM Building in Singapore should finish in 3Q, while some areas of the Gallileo building in Germany are being upgraded and will be progressively handed over to tenant European Central Bank starting 2H, the analyst notes. However, the brokerage lowers its 2025 and 2026 distribution per unit forecasts for the REIT by 4% due to firmer interest rates. It trims the target price to S$2.37 from S$2.59. Units are unchanged at S$1.98. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 09, 2025 22:31 ET (03:31 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}