0158 GMT - CapitaLand Integrated Commercial Trust's outlook remains stable after the real-estate investment trust announced an equity fundraising exercise and asset sale to fund its purchase of a Singapore integrated development, says Moody's Ratings in a note. The planned sale of a grade A office asset and equity issuance exercise likely reflects a disciplined approach to capital management, which should limit any drag on its leverage, says analyst Yu Sheng Tay. Meanwhile, the deal to buy the integrated development is likely to improve the REIT's portfolio quality and scale. The transaction would also reinforce its position as the largest REIT in Singapore by asset size, Moody's says. Units are down 0.4% at S$2.46. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
April 21, 2026 21:58 ET (01:58 GMT)
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