570.5 590.3 RETAIL (S$ Million) Gross Revenue 396.3 420.1 NPI FY 2023 FY 2024 521.9 513.3 OFFICE (S$ Million) Gross Revenue 391.0 387.6 NPI FY 2023 FY 2024 467.5 482.7 INTEGRATED DEVELOPMENT (S$ Million) Gross Revenue 328.6 345.7 NPI FY 2023 FY 2024 Note: Figures may not add up due to rounding. DISTRIBUTABLE INCOME For FY 2024, distributable income increased by S$36.5 million to S$752.2 million year-on-year mainly attributable to organic growth and contribution from the acquisition of ION Orchard as well as prudent management of operating and interest costs. CICT had retained distributable income of S$8.0 million and S$1.4 million received from CapitaLand China Trust and Sentral REIT respectively for general corporate and working capital purposes. Breakdown of the Unitholders’ distribution per Unit (DPU) in cents for FY 2024 as compared to FY 2023 are as follows: 2024 1 January to 30 June¹ 1 July to 11 September 12 September to 31 December² 1 January to 31 December DPU (cents) 5.43 2.16 3.29 10.88 5.45 1 DPU for 1 January 2024 to 30 June 2024 was based on the enlarged number of 6,734,559,345 Units as at 30 June 2024 after the issuance of 59,828,333 Units pursuant to the distribution reinvestment plan in respect of the distribution of 5.45 cents per Unit for the period from 1 July 2023 to 31 December 2023. 2 DPU for 12 September 2024 to 31 December 2024 was based on the enlarged number of 7,298,469,763 Units as at 31 December 2024 after the issuance of 171,737,000 Units and 377,303,974 Units pursuant to the private placement and preferential offering on 12 September 2024 and 2 October 2024 respectively. 2023 1 January to 30 June 1 July to 31 December 1 January to 31 December DPU (cents) 5.30 5.45 10.75 ASSETS As at 31 December 2024, the total assets for the Group were S$25.5 billion compared with S$24.7 billion as at 31 December 2023. The increase of S$0.8 billion was mainly attributed to the acquisition of 50.0% interest in ION Orchard partially offset by the divestment of 21 Collyer Quay during the year. 29 Annual Report 2024
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