CapitaLand Integrated Commercial Trust (C38U) Stock Price, Fundamentals & Analysis

What C38U does

CapitaLand Integrated Commercial Trust (C38U) is the largest real estate investment trust listed on the Singapore Exchange. It owns and manages a portfolio of 20 properties in Singapore, two in Frankfurt, and three in Sydney, with a total property value of S27.0 billion as at 31 December 2025. The Trust primarily invests in quality income-producing commercial assets, including retail and office spaces, and is often regarded as a proxy for Singapore commercial real estate. It debuted on SGX-ST in July 2002 as CapitaLand Mall Trust and was renamed CICT in November 2020 following a merger with CapitaLand Commercial Trust.

Key numbers explained

• The current price of 2.24 SGD reflects the latest trading value on the Singapore Exchange.
• The trailing P/E ratio of 14 indicates how much investors pay per dollar of the last 12 months’ earnings; a lower figure can suggest relative affordability, though comparison within the REIT sector is essential.
• The forward P/E ratio of 18.3 uses expected future earnings, offering a view of valuation based on analyst estimates.
• The dividend yield of 4.75% shows the annual dividend as a percentage of the current price, a key metric for income-focused investors.
• The ex-dividend date of Aug 19, 2026, is the cutoff to own the stock and receive the next dividend payment.
• A price-to-book ratio of 1.04 means the market price is close to the Trust’s net asset value per share.
• The debt-to-equity ratio of 59% expresses leverage; for REITs, this is a common level used to finance property acquisitions.
• The beta of 0.5 suggests the stock’s price tends to move about half as much as the broader market, indicating lower volatility.

What to watch

Investors in C38U typically monitor the Singapore commercial property market, interest rate movements, and the Trust’s occupancy and rental rates. The upcoming earnings release on Aug 12, 2026, and the ex-dividend date of Aug 19, 2026, are key dates for the financial calendar. As a large-cap REIT, C38U is often compared with peers such as Hongkong Land Holdings (H78) and CapitaLand Ascendas REIT (A17U), and it forms part of the broader Singapore Exchange ecosystem tracked by the STI.