CapitaLand Integrated Commercial Trust (CICT) is the first and largest real estate investment trust (REIT) listed on Singapore Exchange Securities Trading Limited (SGX-ST) with a market capitalisation of S$14.0 billion as at 31 December 2020. It debuted on SGX-ST as CapitaLand Mall Trust in July 2002 and was renamed CICT in November 2020 following the merger with CapitaLand Commercial Trust. CICT owns and invests in quality income-producing assets primarily used for commercial (including retail and/or office) purpose, located predominantly in Singapore. As the largest proxy for Singapore commercial real estate, CICT's portfolio comprises 22 properties in Singapore and two in Frankfurt, Germany, with a total property value of S$22.3 billion as at 31 December 2020. CICT is managed by CapitaLand Integrated Commercial Trust Management Limited, which is a wholly owned subsidiary of Singapore-listed CapitaLand Limited, one of Asia's largest diversified real estate groups.

CapitaLand Integrated Commercial Trust

Revenue

Target Prices

# of Analysts

Consensus Recommendation

EBITDA

EBIT

Free Cash Flow

FFO / Share

AFFO / Share

NAV / Share

Book Value / Share

CapEx

Estimates	Dec '22 (A)	Dec '23 (A)	Dec '24 (E)
Mean	SGD 1,413	SGD 1,529.48	SGD 1,559.9
Median	SGD 1,423	SGD 1,530.08	SGD 1,558.23
Actual	SGD 1,441.75	SGD 1,559.93	—
High	SGD 1,457.4	SGD 1,568.77	SGD 1,623
Low	SGD 1,345.69	SGD 1,486	SGD 1,529
Standard Deviation	SGD 32.02	SGD 22.69	SGD 24.75
# of Estimates	17	16	13

CapitaLand Integrated Commercial Trust

Long Term Revisions Restricted