CapitaLand Integrated Commercial Trust

CapitaLand Integrated Commercial Trust

1.57
EUR
-0.03
(-1.87%)
Feb 05Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.18
0.19
0.19
0.19
0.19
0.2
0.21
0.18
0.2
0.22
0.24
0.23
0.22
- -
Basic EPS, GAAP
0.17
0.18
0.17
0.13
0.19
0.19
0.19
0.08
0.17
0.11
0.13
0.14
0.13
- -
Free Cash Flow per Basic Share
0.12
0.12
0.12
0.12
0.12
0.13
0.14
0.09
0.13
0.15
0.16
0.15
0.15
- -
Dividend per Share
0.1
0.11
0.11
0.11
0.11
0.13
0.1
0.09
0.07
0.1
0.11
0.11
0.1
0.07
Book Value per Share
1.74
1.81
1.89
1.89
1.95
2.01
2.11
2.01
2.07
2.12
2.13
2.15
2.17
2.06
Tangible Book Value per Share
1.74
1.81
1.89
1.89
1.95
2.01
2.11
2.01
2.07
2.12
2.13
2.15
2.17
2.06
Basic Weighted Avg Shares
3,458
3,461
3,483
3,543
3,546
3,569
3,689
4,184
6,483
6,627
6,633
6,848
7,407
3,740
Sales/Revenue/Turnover
638
659
669
690
682
698
787
745
1,305
1,442
1,560
1,586
1,619
- -
Operating Margin (%)
62.25
61.28
62.93
62.59
63.06
63.97
64.19
61.55
66.16
65.76
67.44
66.16
66.52
- -
Depreciation Expense
1
1
1
1
1
1
2
2
5
4
1
1
1
- -
Net Income, GAAP
574
619
580
469
658
677
697
350
1,083
723
863
934
937
- -
Effective Tax Rate (%)
0.09
0.01
0.1
0.22
0.02
- -
- -
- -
1.74
0.56
1.15
- -
0.75
- -
Profit Margin (%)
90.08
93.93
86.67
68.06
96.36
97.02
88.58
46.94
82.99
50.17
55.3
58.86
57.89
- -
Working Capital
165
139
430
51
-164
-452
-266
-1,061
-497
-1,276
-1,259
-1,268
-472
-595
LT Debt
2,307
2,407
3,312
3,038
2,648
3,099
3,310
7,801
7,589
8,454
8,500
7,934
9,356
8,058
Total Equity
6,009
6,282
6,693
6,692
6,928
7,429
7,767
13,068
13,696
14,279
14,402
15,722
16,490
13,347
Return on Invested Capital (%)
5.25
4.42
4.32
4.31
4.28
- -
4.35
- -
3.88
4.12
4.35
- -
4.18
- -
Return on Capital (%)
7.7
7.98
7
5.73
7.56
- -
7.26
- -
5.78
4.17
5.01
- -
4.7
- -
Return on Common Equity (%)
9.81
10.07
8.94
7.01
9.66
9.43
9.17
3.36
8.11
5.22
6.1
6.28
5.89
- -

Capital Structure

SGD

•

in mil. unless spec.
Sep'20
Dec'20
Jun'21
ST Debt
646
934
701
LT Borrowings
2,960
7,794
8,051
LT Finance Leases
7
6
7
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,691
6,472
6,477
Market Capitalization
- -
- -
- -

Working Capital

SGD

•

in mil. unless spec.
Sep'20
Dec'20
Jun'21
Total Current Assets
145
273
429
Cash, Cash Equivalents & STI
67
184
350
Accounts Receivable, Net
72
59
67
Inventories
- -
- -
- -
Total Current Liabilities
829
1,334
1,024
Payables & Accruals
- -
- -
- -
ST Debt
646
934
701
Deferred Revenue
- -
- -
- -

Growth Rates

SGD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.75%
4.8%
4.89%
Free Cash Flow
14.38%
29.93%
5.04%
Net Income, GAAP
18.14%
40.85%
0.39%
Sales/Revenue/Turnover
10.93%
19.51%
2.07%
Total Cash Common Dividend
8.08%
16.59%
-1.11%

Semi-annual Revenue

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
1,586
2025
- -
- -
1,619
2026
- -
- -
- -

Semi-annual Earnings Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.14
2025
- -
- -
0.13
2026
- -
- -
- -

Semi-annual Dividends Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.11
2025
- -
- -
0.1
2026
- -
- -
- -

Company Description

CEO
Choon Siang Tan
Full Time Employees
646
Sector
Finance
Industry
Real estate investment trusts
Address
168 Robinson Road Singapore CE Singapore 068912
IPO Date
Jul 17, 2002
Business
CapitaLand Integrated Commercial Trust CapitaLand Integrated Commercial Trust (CICT) is the first and largest real estate investment trust listed on the Singapore Exchange Securities Trading Limited, with a market capitalisation of S$14.1 billion as at 31 December 2024; it owns and invests in quality income-producing commercial assets primarily in Singapore, including retail malls such as Bedok Mall, Bugis+, Bugis Junction, CQ @ Clarke Quay, IMM Building, Junction 8, Lot One Shoppers' Mall, Tampines Mall, Westgate, Bukit Panjang Plaza and a 50% interest in ION Orchard; office properties such as Asia Square Tower 2, CapitaGreen, Capital Tower, Six Battery Road, a 70% interest in CapitaSky, Gallileo and Main Airport Center (each with 94.9% interest) in Frankfurt, Germany, 66 Goulburn Street, 100 Arthur Street and a 50% interest in 101-103 Miller Street and Greenwood Plaza in Sydney, Australia; and integrated developments such as Funan, Plaza Singapura, The Atrium@Orchard and Raffles City Singapore. The portfolio comprises 26 properties with a total value of S$26.0 billion and 12.4 million square feet of net lettable area as at 31 December 2024, predominantly in Singapore (94%), serving diverse tenants across banking, financial services, retail, IT, legal and other sectors with a portfolio weighted average lease expiry of 3.2 years and occupancy of 96.4%. Established in July 2002 as CapitaLand Mall Trust and renamed CICT in November 2020 following its merger with CapitaLand Commercial Trust, CICT is externally managed by CapitaLand Integrated Commercial Trust Management Limited, a wholly-owned subsidiary of CapitaLand Investment Limited CapitaLand Investment Limited, and is headquartered at Capital Tower, 168 Robinson Road, Singapore. Recent developments include the completion of the divestment of 21 Collyer Quay and the serviced residence component of CapitaSpring in 2024-2025; the acquisition of a 50% interest in ION Orchard and ION Orchard Link in 2024; the issuance of green notes including S$200 million at 3.30% due 2035 in 2024 and S$300 million at 3.75% due 2034 earlier in the year; a private placement in August 2025 to raise approximately S$600 million; and the proposed acquisition of the remaining 55% interest in the commercial component of CapitaSpring (office and retail) from CapitaLand Development Limited and Mitsubishi Estate Co., Ltd. for an agreed property value of S$1,900 million, expected to complete in 3Q 2025 and increase CICT's ownership to 100% while delivering 1.1% DPU accretion on a pro forma 1H 2025 basis.

Company News

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  • CapitaLand Integrated Commercial Trust (CPAMF) Q4 2024 Earnings Call Transcript

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  • CapitaLand Integrated Commercial Trust (CPAMF) Q2 2024 Earnings Call Transcript

  • CapitaLand Integrated Commercial Trust: Favorable Medium-Term Prospects

  • CapitaLand Integrated Commercial Trust (CPAMF) Q4 2024 Earnings Call Transcript

  • CapitaLand Integrated Commercial Trust (CPAMF) Q2 2023 Earnings Call Transcript

  • CapitaLand Integrated Commercial Trust (CPAMF) Q4 2022 Earnings Call Transcript