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Capitaland India Trust
(SGX:CY6U)
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Rating:72Outperform
Price Target:
S$0.93
▼(-5.86% Downside)
Action:Reiterated
Date:08/01/26
The score is driven primarily by solid financial performance with strong profitability and positive/free-cash-flow generation, tempered by meaningful volatility (sharp TTM revenue contraction) and moderate-to-elevated leverage. Valuation is a major positive due to the very low P/E and high dividend yield, while technicals are mixed with the price still below the 200-day moving average.
Positive Factors
Recurring rental-income model
The trust’s core income comes from contractual rent across business parks, offices and other leased assets. This recurring model provides an operating foundation for distributions, while occupancy, renewals and active asset management can support income durability over the next several quarters.
Negative Factors
Sharp revenue contraction
The sharp TTM revenue contraction makes the trust’s recent top-line performance materially less predictable, despite earlier expansion. Sustained volatility could weaken the reliability of recurring income growth and make future distributions more dependent on asset-level performance and non-operating items.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental-income model
The trust’s core income comes from contractual rent across business parks, offices and other leased assets. This recurring model provides an operating foundation for distributions, while occupancy, renewals and active asset management can support income durability over the next several quarters.
Read all positive factors
Capitaland India Trust (CY6U) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$1.25B
Dividend Yield9.4%
Average Volume (3M)3.84M
Price to Earnings (P/E)4.0
Beta (1Y)0.52
Revenue Growth-2.07%
EPS Growth-28.41%
CountrySG
Employees22
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.22
Shares Outstanding1,488,952,800
10 Day Avg. Volume5,006,820
30 Day Avg. Volume3,838,050
Financial Highlights & Ratios
PEG Ratio-0.19
Price to Book (P/B)0.83
Price to Sales (P/S)5.57
P/FCF Ratio40.54
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$1.19Price Target Upside20.20% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.09
Revenue Forecast (FY)S$290.56M
Capitaland India Trust Business Overview & Revenue Model
Company Description
CapitaLand India Trust operates as a property trust, specializing in the ownership of income-generating real estate assets. Its activities involve both the development and acquisition of land parcels or partially completed structures intended for ...
How the Company Makes Money
CapitaLand India Trust primarily makes money by generating recurring income from its real estate portfolio and distributing a portion of that cash flow to unitholders.
1) Rental and lease income (core revenue stream)
- The trust earns contractual...
Capitaland India Trust Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
66
Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 282.70M | 294.35M | 277.88M | 234.05M | 210.61M | 192.73M |
| Gross Profit | 219.20M | 217.02M | 181.51M | 160.25M | 166.80M | 155.74M |
| EBITDA | 189.40M | 555.97M | 550.98M | 169.00M | 228.66M | 194.05M |
| Net Income | 279.85M | 322.49M | 438.77M | 147.43M | 137.40M | 192.29M |
Balance Sheet | ||||||
| Total Assets | 4.16B | 4.66B | 4.48B | 3.73B | 3.22B | 3.14B |
| Cash, Cash Equivalents and Short-Term Investments | 140.01M | 142.13M | 134.62M | 179.82M | 167.40M | 167.89M |
| Total Debt | 1.50B | 1.64B | 1.76B | 1.39B | 1.24B | 1.09B |
| Total Liabilities | 2.11B | 2.57B | 2.51B | 2.09B | 1.84B | 1.69B |
| Stockholders Equity | 1.93B | 1.97B | 1.86B | 1.54B | 1.29B | 1.36B |
Cash Flow | ||||||
| Free Cash Flow | 176.95M | 40.44M | 153.61M | 226.51M | 143.76M | 146.35M |
| Operating Cash Flow | 178.94M | 44.89M | 171.06M | 245.04M | 145.28M | 147.58M |
| Investing Cash Flow | -11.01M | -149.57M | -381.63M | -360.89M | -152.63M | -211.40M |
| Financing Cash Flow | -135.58M | 131.53M | 192.70M | 128.69M | 11.12M | 130.19M |
Capitaland India Trust Technical Analysis
Negative
0.99
Price Trends
0.92
Negative
0.96
Negative
1.01
Negative
Market Momentum
-0.02
Positive
28.98
Positive
28.47
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:CY6U, the sentiment is Negative. The current price of 0.99 is above the 20-day moving average (MA) of 0.88, above the 50-day MA of 0.92, and below the 200-day MA of 1.01, indicating a bearish trend. The MACD of -0.02 indicates Positive momentum. The RSI at 28.98 is Positive, neither overbought nor oversold. The STOCH value of 28.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:CY6U.
Capitaland India Trust Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | S$1.25B | 3.99 | 14.33% | 9.40% | -2.07% | -28.41% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | S$472.30M | 10.21 | 3.27% | 9.37% | 117.73% | -23.82% | |
61 Neutral | S$790.65M | 19.81 | 1.32% | 1.05% | -0.88% | 20.85% | |
59 Neutral | S$11.97B | 43.17 | 2.21% | 5.00% | -15.36% | -57.57% | |
56 Neutral | S$63.47M | 11.50 | 2.75% | ― | 8.93% | ― |
* Real Estate Sector Average
SG:CY6U
Capitaland India Trust
0.84
-0.29
-25.60%
SG:O10
Far East Orchard Ltd.
0.96
-0.24
-20.07%
SG:5AE
Pollux Properties Ltd.
0.02
>-0.01
-17.86%
SG:H30
Hong Fok Corporation Limited
0.96
0.19
25.33%
SG:9CI
CapitaLand Investment Limited
2.40
-0.13
-4.99%
Capitaland India Trust Corporate Events
CapitaLand India Trust Grows India Portfolio as Data Centre and Office Demand Strengthen
Oct 28, 2026
CapitaLand India Trust reported year-to-date total property income of INR 15,032 million and net property income of INR 11,749 million as at September 2026, up 2% and 4% respectively in rupee terms, though Singapore dollar equivalents fell due to ...
CapitaLand India Trust Details Ongoing Use of Private Placement Proceeds
Oct 28, 2026
CapitaLand India Trust has provided an update on the use of proceeds from its S$150 million private placement, detailing additional deployment of about S$6.4 million. The funds are being used to partially finance ongoing development and constructi...
CapitaLand India Trust deepens India data centre push with new Chennai facility
Oct 15, 2026
CapitaLand Investment, via its Singapore-listed CapitaLand India Trust and private data centre fund, is expanding its digital infrastructure footprint in Tamil Nadu with the launch of CapitaLand Data Centre Chennai 01. The move builds on more than...
CapitaLand India Trust Bolsters Board and Committees With New Appointments
Sep 30, 2026
CapitaLand India Trust Management Pte. Ltd., the trustee-manager of CapitaLand India Trust, has strengthened its board and governance structure with new appointments effective 1 October 2026. The trust, which focuses on income-generating real esta...
CapitaLand India Trust Issues New Units to Pay Manager’s Base Fee
Aug 12, 2026
CapitaLand India Trust has issued 2,036,329 new units to its trustee-manager as payment of 50% of the base fee for the quarter from 1 April to 30 June 2026, with the remaining fee settled in cash. The new units were priced at $1.0331 each, based o...
CapitaLand India Trust Boosts Distributions on Strong India Office and Data Centre Growth
Aug 12, 2026
CapitaLand India Trust reported steady operational and financial momentum for the first half of 2026, with total property income and net property income rising 3% and 6% year-on-year respectively, and committed occupancy at 91% across its office p...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.