Financial Highlights Gross Revenue (S$ Million) Distributable Income (S$ Million) Net Property Income (S$ Million) Total Assets (S$ Billion) as at 31 December 1 On 21 October 2020, CapitaLand Mall Trust (CMT) and CapitaLand Commercial Trust (CCT) were merged by way of a trust scheme of arrangement with the merged entity renamed CICT on 3 November 2020. Financial performance for CICT and its subsidiaries (CICT Group)1 2024 1,559.9 1,586.3 2023 1,441.7 1,305.1 745.2 2022 2021 2020 2024 1,115.9 1,153.5 2023 1,043.3 951.1 512.7 2022 2021 2020 2024 715.7 752.2 2023 702.4 674.7 369.4 2022 2021 2020 2024 24.7 25.5 2023 24.7 22.7 22.4 2022 2021 2020 4 CapitaLand Integrated Commercial Trust CICT Group For the Financial Year 20201 2021 2022 2023 2024 Selected Statement of Total Return and Distribution Data (S$ million) Gross Rental Income 697.6 1,233.3 1,352.2 1,459.6 1,480.7 Car Park Income 17.7 27.7 35.4 40.9 40.0 Other Income 29.9 44.1 54.1 59.4 65.6 Gross Revenue 745.2 1,305.1 1,441.7 1,559.9 1,586.3 Net Property Income 512.7 951.1 1,043.3 1,115.9 1,153.5 Distributable Income 369.4 674.7 702.4 715.7 752.2 Selected Statement of Financial Position Data (S$ million) Total Assets 22,416.4 22,741.9 24,666.6 24,739.1 25,513.0 Investment Properties 21,366.1 21,431.1 23,744.8 24,024.9 23,702.3 Total Borrowings 8,726.2 8,177.3 9,585.3 9,477.7 8,945.1 Unitholders’ Funds 13,037.6 13,667.8 14,073.4 14,199.8 15,524.5 Net Asset Value Per Unit2 (S$) 2.00 2.06 2.06 2.07 2.09 Key Financial Indicators Earnings Per Unit (cents) 8.36 16.71 10.92 12.97 13.60 Distribution Per Unit (cents) 8.69 10.40 10.58 10.75 10.88 Management Expense Ratio3 (%) 0.6 0.7 0.7 0.7 0.8 Proportion of Total Assets that are Unencumbered (%) 95.8 96.1 93.5 93.7 93.8 Aggregate Leverage (%) 40.6 37.2 40.4 39.9 38.5 Interest Coverage (times) 3.8 4.1 3.7 3.1 3.1 Average Term to Maturity (years) 4.1 3.9 3.9 3.9 3.9 Average Cost of Debt (%) 2.8 2.3 2.7 3.4 3.6 1 On 21 October 2020, CMT and CCT were merged by way of a trust scheme of arrangement with the merged entity renamed CICT on 3 November 2020. 2 Excludes the distribution to be paid for the last quarter or last half year (as the case may be) of the respective financial years except for 2020, 2021 and 2024 which excluded the distribution for the period from 21 October 2020 to 31 December 2020, 16 December 2021 to 31 December 2021 and 12 September 2024 to 31 December 2024 respectively. 3 Refers to the expenses excluding property expenses and finance costs but including performance component of management fees, expressed as a percentage of weighted average net assets. 5 Annual Report 2024
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