Capitaland India Trust (SG:CY6U)
SGX:CY6U
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Capitaland India Trust
(SGX:CY6U)
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Rating:71Outperform
Price Target:
S$1.00
▼(-13.04% Downside)
Action:Reiterated
Date:02/03/26
The score is supported by attractive valuation (low P/E and high dividend yield) and constructive technical momentum (price above major moving averages with positive MACD). This is tempered by financial-quality risks—especially the sharp 2025 cash-flow deterioration and weak earnings-to-cash conversion—plus moderate-to-elevated leverage for the sector.
Positive Factors
Recurring rental income model
CLINT’s core business is recurring rental and lease income from office, IT and logistics assets. This cashflow-oriented REIT model produces predictable, contract-driven revenue streams that support distributions and long-term operational planning if occupancy and lease terms are maintained.
Negative Factors
Sharp 2025 cash-flow deterioration
A severe one-year collapse in operating cash flow and a ~75% FCF drop materially weakens distribution sustainability and liquidity. When earnings no longer convert to cash, the REIT’s ability to pay predictable distributions and fund near-term obligations is impaired until cash conversion normalizes.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental income model
CLINT’s core business is recurring rental and lease income from office, IT and logistics assets. This cashflow-oriented REIT model produces predictable, contract-driven revenue streams that support distributions and long-term operational planning if occupancy and lease terms are maintained.
Read all positive factors
Capitaland India Trust (CY6U) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$1.50B
Dividend Yield5.83%
Average Volume (3M)2.50M
Price to Earnings (P/E)―
Beta (1Y)0.60
Revenue Growth5.40%
EPS Growth-27.18%
CountrySG
Employees22
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.28
Shares Outstanding1,486,916,500
10 Day Avg. Volume2,138,498
30 Day Avg. Volume2,500,366
Financial Highlights & Ratios
PEG Ratio-0.19
Price to Book (P/B)0.83
Price to Sales (P/S)5.44
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$1.40Price Target Upside21.74% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.11
Revenue Forecast (FY)S$291.76M
Capitaland India Trust Business Overview & Revenue Model
Company Description
CapitaLand India Trust is a property trust, which engages in owning income-producing real estate. It is involved in developing and acquiring land or uncompleted developments used as business parks. Its real estate portfolio includes International ...
How the Company Makes Money
CapitaLand India Trust (CLINT) makes money primarily by generating recurring property income from its Indian real estate portfolio. The core revenue stream is rental and lease income from tenants occupying its business parks/IT parks and logistics...
Capitaland India Trust Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
63
Positive
Cash Flow
44
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 291.09M | 301.38M | 277.88M | 234.05M | 210.61M | 192.73M |
| Gross Profit | 215.66M | 108.75M | 181.51M | 160.25M | 166.80M | 155.74M |
| EBITDA | 187.35M | 37.38M | 550.98M | 169.00M | 228.66M | 194.05M |
| Net Income | 390.67M | 322.49M | 438.77M | 147.43M | 137.40M | 192.29M |
Balance Sheet | ||||||
| Total Assets | 4.49B | 4.66B | 4.48B | 3.73B | 3.22B | 3.14B |
| Cash, Cash Equivalents and Short-Term Investments | 128.52M | 142.13M | 134.62M | 179.82M | 167.40M | 167.89M |
| Total Debt | 1.94B | 1.64B | 1.76B | 1.39B | 1.24B | 1.09B |
| Total Liabilities | 2.64B | 2.57B | 2.51B | 2.09B | 1.84B | 1.69B |
| Stockholders Equity | 1.74B | 1.97B | 1.86B | 1.54B | 1.29B | 1.36B |
Cash Flow | ||||||
| Free Cash Flow | 161.44M | 40.44M | 153.61M | 226.51M | 143.76M | 146.35M |
| Operating Cash Flow | 165.74M | 44.89M | 171.06M | 245.04M | 145.28M | 147.58M |
| Investing Cash Flow | -335.16M | -149.57M | -381.63M | -360.89M | -152.63M | -211.40M |
| Financing Cash Flow | 230.97M | 131.53M | 192.70M | 128.69M | 11.12M | 130.19M |
Capitaland India Trust Technical Analysis
Negative
1.15
Price Trends
1.04
Negative
1.12
Negative
1.12
Negative
Market Momentum
>-0.01
Positive
37.16
Neutral
16.67
Positive
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 1.15 is above the 20-day moving average (MA) of 1.04, above the 50-day MA of 1.04, and above the 200-day MA of 1.12, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 37.16 is Neutral, neither overbought nor oversold. The STOCH value of 16.67 is Positive, 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | S$1.50B | ― | 10.96% | 5.83% | 5.40% | -27.18% | |
68 Neutral | S$811.35M | 18.56 | 0.67% | 1.20% | -5.87% | 20.27% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | S$598.95M | ― | 4.34% | 3.17% | 29.06% | -8.70% | |
64 Neutral | S$91.06M | -25.00 | -0.28% | ― | -1.52% | 500.00% | |
63 Neutral | S$12.97B | -23.80 | 2.29% | 4.44% | -24.20% | -69.37% |
* Real Estate Sector Average
SG:CY6U
Capitaland India Trust
1.02
0.12
13.71%
SG:O10
Far East Orchard Ltd.
1.22
0.24
24.74%
SG:5AE
Pollux Properties Ltd.
0.03
0.01
52.38%
SG:H30
Hong Fok Corporation Limited
1.00
0.26
34.77%
SG:9CI
CapitaLand Investment Limited
2.68
0.26
10.74%
Capitaland India Trust Corporate Events
CapitaLand India Trust Issues New Units to Manager as Partial Fee Payment
May 12, 2026
CapitaLand India Trust has issued 2,105,753 new units to its trustee-manager as payment for 50% of the base management fee for the quarter from 1 January to 31 March 2026, with the remaining half paid in cash. The new units were priced at $1.0529 ...
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.