The earnings call reflected a mixed sentiment with notable achievements in C-REIT listing and logistics revenue growth. However, there were significant challenges in revenue declines and occupancy rates, particularly in Business Parks. Despite positive developments in debt management and retail traffic, the overall revenue and NPI declines weigh heavily.

Company Guidance

In the third quarter of 2025, CapitaLand China Trust (CLCT) provided a comprehensive business update, highlighting several key metrics and developments. The retail allocation decreased to 69.9% of the Gross Revenue Income (GRI) due to the divestment of CapitaMall Yuhuating, which was part of a C-REIT securitization exercise. The distribution yield compressed to 6.2% as stock prices rose slightly, reflecting broader S-REIT yield trends. CLCT's listing of the C-REIT CLCR on the Shanghai Stock Exchange marked a significant milestone, with the IPO exceeding expectations, oversubscribed 254 times by institutional investors and 535 times by retail investors. During this quarter, gross revenue and Net Property Income (NPI) both fell by 8%, but on a same-store basis, excluding Yuhuating, the decline was mitigated to 3.4% for gross revenue and 4.4% for NPI. Retail revenue witnessed a narrower decline of 1.8% compared to the first half's 4.7% drop. Business Parks revenue saw a 9.1% decrease, while logistics revenue rose by 13%, driven by improved occupancy at Shanghai Fengxian. Despite these challenges, CLCT maintained a 5-star GRESB rating for the third consecutive year, underscoring its sustainability commitments. The overall occupancy for retail slightly increased, and tenant sales and shopper traffic grew by 3.2% and 4.5%, respectively, fueled by strong performance in sectors like F&B, IT, toys, and jewelry. The company also successfully refinanced SGD 150 million of perpetuals with a 3.4x subscription coverage. Looking ahead, CLCT aims to leverage its C-REIT structure to explore further retail investments and strategic divestments.

Successful C-REIT Listing

CLCT, along with its sponsor, listed the C-REIT CLCR on the Shanghai Stock Exchange, marking China's first international sponsored retail C-REIT. It opened trading at 19.6% above its IPO price, with institutional oversubscription at 254x and retail at 535x.

Logistics Revenue Increase

Logistics revenue increased by 13% quarter-on-quarter, mainly due to improved occupancy at Shanghai Fengxian.

Retail Sector Performance

Retail sector saw a year-on-year increase in shopper traffic by 4.5% and tenant sales by 3.2%, with key sectors like F&B up 5.1%, Infotech up 12.8%, Toys and Hobbies up 56%, and Jewelry and Watches up 16.6%.

Debt Management Achievements

The average cost of debt improved from 3.42% to 3.36%. Gearing reduced to 28.8% due to temporary use of perpetual proceeds, and the target of 50% RMB-denominated debt was achieved.

Golden Week Performance

During China's Golden Week, there was a 4.6% year-on-year increase in traffic and a 4% increase in total sales.

CapitaLand China Trust (SG:AU8U) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

SG:AU8U Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 06, 2026	2025 (Q4)	- / -	-0.017	―	―	―
Oct 28, 2025	2025 (Q3)	- / -	0.007	―	―	―
Jul 29, 2025	2025 (Q2)	- / 0.02	0.007	157.14% (+0.01)	―	―
Apr 29, 2025	2025 (Q1)	- / -	0.004	―	―	―
Feb 06, 2025	2024 (Q4)	- / -0.02	0.004	-525.00% (-0.02)	―	―
Oct 30, 2024	2024 (Q3)	- / -	0.021	―	―	―
Jul 29, 2024	2024 (Q2)	- / <0.01	0.021	-66.67% (-0.01)	―	―
Apr 24, 2024	2024 (Q1)	- / -	0.034	―	―	―
Jan 29, 2024	2023 (Q4)	- / <0.01	0.034	-88.24% (-0.03)	―	―
Oct 27, 2023	2023 (Q3)	- / -	0.036	―	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SG:AU8U Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 28, 2025	S$0.80	S$0.82	+3.12%
Jul 29, 2025	S$0.75	S$0.75	-0.66%
Apr 29, 2025	S$0.65	S$0.66	+0.77%
Feb 06, 2025	S$0.68	S$0.67	-1.47%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does CapitaLand China Trust (SG:AU8U) report earnings?

CapitaLand China Trust (SG:AU8U) is schdueled to report earning on Feb 06, 2026, After Close (Confirmed).

What is CapitaLand China Trust (SG:AU8U) earnings time?

CapitaLand China Trust (SG:AU8U) earnings time is at Feb 06, 2026, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

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What is the P/E ratio of CapitaLand China Trust stock?

The P/E ratio of CapitaLand China Trust is N/A.

What is SG:AU8U EPS forecast?

Currently, no data Available

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