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Singapore-listed REIT owning IT park office and logistics real estate in India via a CapitaLand sponsor pipeline.
Singapore-listed REIT owning IT park office and logistics real estate in India via a CapitaLand sponsor pipeline.
Rents out office parks to technology and outsourcing tenants under multi-year leases, and expands by acquiring properties from its sponsor, CapitaLand, and by developing new space. Formerly Ascendas India Trust, it is structured as a business trust.
In one line: A Singapore-listed REIT owning Indian IT park and logistics real estate.
Moat: narrow (installed base, scale). Established portfolio of IT parks in major Indian tech hubs backed by CapitaLand sponsor relationships.
Headquarters: Singapore · Founded: 2007 · Employees: 22
Size CapitaLand India Trust (CY6U.SI) is a Singapore Real Estate company (Real Estate Investment Trusts) with a market value of $1.03B, the 66th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$0.88 on 6 Nov 2026.
Performance Over six months the shares fell 15.4%, against -14.3% for the median peer and -1.2% for the Singapore market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue fell 2.1% over the last twelve months (peer median +7.8%); the operating margin is 42.9% (peer median 44.8%).
Valuation It trades at 0.71× book value against a peer median of 0.81× (7th cheapest of 21).
Price implies The share price implies a return on equity of about 5.0%; CapitaLand India Trust delivers 15.7%, so the price asks less than the business earns today.
Next results Next results expected around 1 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | S$341M | S$318M | S$317M | S$261M | S$288M |
| Revenue growth | — | 0% | +22% | -10% | — |
| Gross profit | S$251M | S$222M | S$221M | S$187M | S$226M |
| EBITDA | S$151M | S$219M | S$217M | S$169M | S$229M |
| Net income | S$280M | S$322M | S$439M | S$147M | S$137M |
| Free cash flow | S$89.1M | S$40.4M | S$75.3M | S$128M | S$79.6M |
| Capital expenditure | S$1.99M | S$4.46M | S$17.8M | S$39.1M | S$1.52M |
| Total debt | n/a | S$1.74B | S$1.76B | S$1.39B | S$1.24B |
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Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CY6U.SI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.2% | -1.1% | 8th lowest of 21 |
| 6-month return | -15.4% | -14.3% | 10th lowest of 21 |
| Return on equity | 15.7% | 5.7% | highest of 20 |
| Price / book | 0.71× | 0.81× | 7th cheapest of 21 |
| Trailing P/E | 4.2× | 15.2× | cheapest of 17 |
| ROE the price implies | 5.0% | 6.0% | 7th least demanding of 21 |
| ROE delivered | 15.7% | 5.7% | highest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| CapitaLand India Trust CY6U.SI | Singapore | $1.03B | -15% | -2% | 16% | 0.71× | 5.0% | 15.7% |
| Japan Excellent 8987.T | Japan | $1.04B | -13% | -18% | 6% | 1.09× | 4.6% | 6.0% |
| SK REIT 395400.KS | South Korea | $1.04B | -30% | +15% | 6% | 0.73× | 4.8% | 5.7% |
| Cpi Fim OPG.WA | Poland | $1.00B | -16% | -35% | 11% | 0.58× | 5.9% | 11.1% |
| Storage King SKG.AX | Australia | $1.05B | -17% | 0% | 7% | 0.64× | 7.8% | 6.5% |
| Waypoint REIT WPR.AX | Australia | $1.05B | -2% | -1% | 7% | 0.80× | 8.8% | 6.8% |
| Heiwa Real Estate REIT 8966.T | Japan | $1.06B | -15% | +24% | 8% | 1.15× | 5.5% | 8.4% |
| Altareit AREIT.PA | France | $1.06B | -9% | -20% | -5% | 1.38× | 7.7% | -5.4% |
| NTT UD REIT Investment 8956.T | Japan | $1.06B | -16% | +14% | 6% | 1.15× | 4.8% | 6.1% |
| Easterly Government Properties DEA | United States | $1.06B | -4% | +11% | 1% | 0.82× | 8.6% | 1.0% |
| Ho Bee Land H13.SI | Singapore | $978M | -13% | +5% | 3% | 0.33× | 2.6% | 2.7% |
| Medical Properties Trust MPT | United States | $1.08B | -65% | +11% | 5% | 0.23× | 5.2% | 5.3% |
| Growthpoint Properties Australia GOZ.AX | Australia | $1.09B | -2% | 0% | 4% | 0.69× | 8.7% | 3.9% |
| Centerspace CSR | United States | $963M | -15% | +15% | 12% | 1.21× | 10.3% | 11.7% |
| TOKYU REIT 8957.T | Japan | $1.10B | -6% | +10% | 9% | 1.37× | 5.2% | 8.6% |
| Wereldhave WHA.AS | Netherlands | $956M | -15% | +10% | 6% | 0.79× | 6.0% | 6.3% |
| Ntt Dc REIT NTDU.SI | Singapore | $955M | -9% | -8% | n/a | 0.80× | 3.1% | n/a |
| Orchid Island Capital ORC | United States | $953M | -30% | +83% | -1% | 0.82× | 11.3% | -0.6% |
| Mitsubishi Estate Logistics REIT Investment 3481.T | Japan | $952M | -17% | -4% | 5% | 0.96× | 4.4% | 5.2% |
| National Healthcare Properties NHP | United States | $1.11B | +8% | -1% | -5% | 1.05× | 16.3% | -5.3% |
| Digico Infrastructure REIT DGT.AX | Australia | $941M | -10% | +90% | -4% | 0.59× | 9.6% | -4.2% |