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CapitaLand Integrated Commercial Trust C38U.SI · SGD

Real Estate · SGX · 🇸🇬 Singapore

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2.34

-1.27%

Close of 6 Nov 2026, in SGD

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About CapitaLand Integrated Commercial Trust

Its shares trade on SGX under the ticker C38U.SI. It has been listed since 17 July 2002. In the fiscal year to 31 December 2025, it reported revenue of SGD 1.62bn and net income of SGD 937.3m. At that date it held total assets of SGD 27.43bn and shareholders' equity of SGD 16.29bn.

CapitaLand Integrated Commercial Trust operates as a real estate investment trust. The company employs 665 full-time employees The company went IPO on 2002-07-17. The Trust owns and invests in income-producing assets, which are used for retail purposes primarily in Singapore. The Trust has approximately 15 shopping malls and 10 office assets located in the suburban areas and downtown core of Singapore and Germany. Its portfolio includes Tampines Mall, Junction 8, Funan, IMM Building, Plaza Singapura, Bugis Junction, JCube, Raffles City Singapore, Lot One Shoppers' Mall, 90 out of 91 strata lots in Bukit Panjang Plaza, The Atrium@Orchard, Clarke Quay, Bugis+, Bedok Mall and Westgate. The Company’s investment manager is CapitaLand Integrated Commercial Trust Management Limited.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Real Estate
Industry
Equity Real Estate Investment Trusts (REITs)
Listed since
17 Jul 2002
Employees
665
Website
cmt.com.sg ↗

Leadership

Pay as last reported

  • Ms. Swee Lian TeoNon-Executive Independent Chairman of the Board of CapitaL and Integrated Commercial Trust Management LimitedSGD 160,000
  • Mr. Tee Hieong TanChief Executive Officer, Executive Non-Independent Director of CapitaL and Integrated Commercial Trust Management Limited, since 2017
  • Ms. Mei Lian WongChief Financial Officer of CapitaL and Integrated Commercial Trust Management Limited
  • Ms. Mei Peng HoHead - Investor Relations of CapitaL and Integrated Commercial Trust Management Limited
  • Ms. Jacqueline LeeHead, Investment of CapitaL and Integrated Commercial Trust Management Limited
  • Mr. Yi Zhuan LeeHead, Portfolio Management of CapitaL and Integrated Commercial Trust Management Limited
  • Ms. Ju Lin LeeCompany Secretary
  • Ms. Leng Li TeeCompany Secretary
  • Mr. Neng Tong YapNon-Executive Non-Independent Director of CapitaL and Integrated Commercial Trust Management LimitedSGD 66,741
  • Ms. Siew Kheng GuiNon-Executive Independent Director of CapitaL and Integrated Commercial Trust Management Limited
  • Mr. Mun Wai LeoNon-Executive Independent Director of CapitaL and Integrated Commercial Trust Management LimitedSGD 104,000
  • Mr. Beng Lin LimNon-Executive Independent Director of CapitaL and Integrated Commercial Trust Management LimitedSGD 90,000

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
79
Environment
99
Social
69
Governance
69
Direct emissions (scope 1)
30 t
Energy emissions (scope 2)
64,272 t
Value chain emissions (scope 3)
100,726 t
Women in the workforce
51%
Carbon reduction policy
Yes
Human rights policy
Yes

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Strong portfolio: CapitaLand Integrated Commercial Trust boasts a diversified and high-quality portfolio of integrated commercial properties, including office buildings, retail malls, and mixed-use developments.
  • Established market presence: The trust has a strong presence in the Asian real estate market, particularly in Singapore and China, which provides stability and potential for growth.
  • Sustained rental income: CapitaLand Integrated Commercial Trust benefits from long-term lease agreements with reputable tenants, ensuring a steady stream of rental income even during economic downturns.

Weaknesses

  • Dependent on economic conditions: The trust's performance is subject to fluctuations in the global and regional economies, which can impact rental demand and property valuations.
  • Concentration risk: A significant portion of CapitaLand Integrated Commercial Trust's portfolio is concentrated in specific geographic locations, making it vulnerable to local market conditions and regulatory changes.
  • Potential liquidity challenges: In the event of a market downturn or financial crisis, the trust may face challenges in refinancing its debts, which could impact its operational capabilities.

Opportunities

  • Urbanization and growth in Asia: The trust can leverage the ongoing urbanization trend in Asia by expanding its footprint in emerging markets, capitalizing on the rising demand for integrated commercial properties.
  • Digitalization and technology adoption: CapitaLand Integrated Commercial Trust can embrace technological advancements to enhance operational efficiency, tenant experiences, and sustainability measures, attracting more businesses and customers.
  • Strategic partnerships and acquisitions: By collaborating with strategic partners and pursuing targeted acquisitions, the trust can further strengthen its portfolio and unlock new growth opportunities in key markets.

Threats

  • Competition from new entrants: The trust faces competition from both local and international players, which could lead to pressure on rental rates and occupancy levels.
  • Regulatory and political risks: Changes in government policies, regulations, or political stability can impact the trust's operations and property values, particularly in foreign markets.
  • Economic downturns and market volatility: Uncertain economic conditions and market fluctuations can negatively affect the trust's financial performance, rental demand, and property valuations.

Sources and methodology

Data on this tab
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Chart on the Overview
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