CapitaLand Integrated Commercial Trust posts Citi Pan-Asia Conference presentation on portfolio update

• CapitaLand Integrated Commercial Trust flagged a proposed acquisition of a 100% interest in Paragon, a freehold integrated retail and office/medical asset on Orchard Road, at an agreed property value of SGD 3.9 billion.
• Total cash outlay was put at about SGD 3.92 billion, with an overall net yield of 3.9% based on adjusted FY 2025 net property income.
• The presentation framed the deal as funded by a mix of debt, proceeds from a SGD 750 million private placement, and the divestment of Asia Square Tower 2 for SGD 2.48 billion, implying a 1.7% pro forma DPU accretion.
• In 1Q 2026, net property income rose 7.9% year on year to SGD 314.4 million, with portfolio occupancy at 95.2% and aggregate leverage at 38.5%.
• It also outlined an asset enhancement program at Plaza Singapura and The Atrium@Orchard from 3Q 2026 to 4Q 2028, with an estimated cost of about SGD 160 million and a targeted 6%-7% return.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CapitaLand Integrated Commercial Trust published the original content used to generate this news brief on May 18, 2026, and is solely responsible for the information contained therein.