CICT’s big acquisition, fundraising exercise are signs of what’s to come as Fed finally cuts rates

THE first message that appeared on my phone last Tuesday (Sep 3) was from a longtime investor in real estate investment trusts (Reits), complaining about the impact that CapitaLand Integrated Commercial Trust’s (CICT) latest acquisition and equity fundraising plans might have on the market price of its units.

“It creates a lot of ‘overhang’ on the stock,” he grumbled.