Capitaland Integrtd Unit (CPAMF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hi, good morning. Thank you for joining us today. I'm Alison, happy to host you for CICT's full year results briefing. Sorry, apologies about the minor delay. We are very excited to have you with us today, whether you are with us in person or tuning in from your desk. So as per usual, today we'll start off with a presentation by our CEO, Chun Xiang, who will walk us through his key highlights. After that, we'll move on to the Q&A, where the management team will join us onto the stage to address your questions. So if there are some good ones, please save them for later. We'll try to get to as many as we can. And with that, I'd like to invite Chun Xiang onto the stage. Hi, good morning, everyone. Thank you for joining us today. So we just announced our results this morning. Quite happy with the overall outcome of how last year went. A lot of things to go through today. So bear with us. I will spend just maybe about 10, 15 minutes just walking through the highlights. And then we can move on to Q&A, as Alison has mentioned. Okay, so first on the numbers, I think CICT delivered a very strong performance for the year, FY2025. Full year MPI, we grew by about 3.1% year-on-year to $1189.7 million. Second half MPI grew at a faster pace at 6.8% year-on-year to about $610 million. The strong growth was due to quite a few factors across the board. Strong asset performance across the portfolio and the step-up acquisition of the 100% interest in Capital Spring, which was completed on 26 August last year. Full-year distributable income rose 14.4% year-on-year, while second-half distributable income expanded 16.4%. Unit holders will be pleased to know that CICT's full-year DPU increased 6.4% year-on-year to $11.58. despite an enlarged unit base from the private placement in August la...