CapitaLand (C38U) Financial Ratio Screen

SGX Real Estate Singapore SGD 17367M
RATIOS FAIL*
Automated financial screen · activity assessed separately
CapitaLand (C38U) is potentially non-compliant in the automated ratio model. The company's debt ratio of 36.5% exceeds the 30% MSCI new-inclusion threshold relative to total assets. CapitaLand operates in the Real Estate sector.

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MSCI new-inclusion financial-ratio snapshot

C38U financial screening at a glance

RATIOS FAIL*Financial ratios shown separately from business review — not a fatwa
Debt ratio
36.5%
Fail vs 30%
Cash ratio
0.5%
Pass vs 30%
Receivables + cash
0.9%
Pass vs 30%
Impermissible income
0.4%
Pass vs 5%

Calculation date: 2026-08-31. Financial period used: December 2025. The ratios are automated proxies inspired by published methodologies; they are not official index determinations.

Independent method comparison

What the available screens say

How MSCI, FTSE and S&P-style screens differ
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MSCI-styleFinancial criteria not metAt least one available ratio exceeds its threshold
FTSE/Yasaar-styleFinancial criteria not metAt least one available ratio exceeds its threshold
S&P-style provisionalNot yet availableRequired denominator or financial data is incomplete
Business activityAssessment pendingFinancial results do not determine business permissibility
Complete screening result: not yet completeA complete result requires both supported financial criteria and adequate activity evidence. This site does not issue a fatwa or official index decision.
Financial periodDecember 2025Calculation date2026-08-31S&P-style historynot availableLast activity reviewnot yet reviewed

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Business activity evidence

Activity assessment in progress

The supplied classification (REIT - Retail) is only a starting point. Revenue evidence is being assessed before any complete screening conclusion.

Revenue segments: Not yet checked against an SEC annual filing.

Profile description reviewed: CapitaLand Integrated Commercial Trust (CICT or the Trust) is the first and largest real estate investment trust (REIT) listed on Singapore Exchange Securities Trading Limited (SGX-ST) with a market capitalization of US$14.2 billion or S$18.2 billion as at 31 December 2025. It debuted on SGX-ST as CapitaLand Mall Trust in July 2002 and was renamed CICT in November 2020 following the merger with CapitaLand Commercial Trust. As the largest proxy for Singapore commercial real estate, CICT owns and invests in quality income-producing assets primarily used for commercial (including retail and/or office) purposes, located predominantly in Singapore. CICT's portfolio comprises 20 properties in Singapore, two properties in Frankfurt, Germany, and three properties in Sydney, Australia with a total property value of S$27.0 billion or US$21.0 billion based on valuations of its proportionate interests in the portfolio as at 31 December 2025. CICT is managed by CapitaLand Integrated Commercial Trust Management Limited (CICTML or the Manager), a wholly owned subsidiary of CapitaLand Investment Limited, a leading global real asset manager with a strong Asia foothold. CapitaLand Integrated Commercial Trust was established in October 29, 2001.

Sources to verify: Secondary company profile and classification · Issuer website

A sector label or company description can flag a risk but cannot establish a compliant-revenue percentage. Only sourced segment disclosures may support that calculation.

Published-ratio reproductions (not certifications)

The table shows implemented MSCI and FTSE/Yasaar-style asset-based models plus a provisional S&P-style leverage reconstruction where a complete 36-month denominator exists. These are independent calculations, not official index results or Shariah determinations. See formulas, sources and limitations.

Based on financial data from December 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
MSCI 36.5%
/ 30%
0.5%
/ 30%
0.9%
/ 30%
0.42%
/ 5%
RATIOS FAIL*
FTSE 36.5%
/ 33%
0.5%
/ 33%
0.9%
/ 50%
0.42%
/ 5%
RATIOS FAIL*

Financial Highlights

P/E Ratio
17.7
Forward: 19.0
EPS
$0.13
Dividend Yield
503.0%
Payout: 81.4%
P/B Ratio
1.1
EV/EBITDA
25.8
EV: $27.8B
Revenue
$1.6B
Growth: 4.7%
Beta
0.5
Low volatility
Current Ratio
0.6

Profitability

Gross Margin 69.1%
Operating Margin 66.3%
Net Margin 57.9%
Return on Equity (ROE) 5.9%
Return on Assets (ROA) 2.5%

Cash Flow & Balance Sheet

Operating Cash Flow$1.1B
Free Cash Flow$811M
Total Debt$10.0B
Debt-to-Equity62.3
Current Ratio0.6
Total Assets$27.4B

Price & Trading

Last CloseSGD 2.29
50-Day MASGD 2.40
200-Day MASGD 2.32
Avg Volume25.8M
Beta0.5
52-Week Range
SGD 1.96
SGD 2.57

Financial data provenance and verification

The displayed fields were imported from yfinance on 2026-03-29 for the financial period December 2025. This is a secondary data feed and can differ from amended or newly filed statements.

Verification rule: check debt, cash, receivables, revenue and interest income against the latest primary filing before relying on an automated ratio.

About CapitaLand (C38U)

CEO
Mr. Choon-Siang Tan
Sector
Real Estate
Industry
REIT - Retail
Country
Singapore
Exchange
SGX
Market Cap (listing currency)
SGD 17367M
Currency
SGD

CapitaLand Integrated Commercial Trust (CICT or the Trust) is the first and largest real estate investment trust (REIT) listed on Singapore Exchange Securities Trading Limited (SGX-ST) with a market capitalization of US$14.2 billion or S$18.2 billion as at 31 December 2025. It debuted on SGX-ST as CapitaLand Mall Trust in July 2002 and was renamed CICT in November 2020 following the merger with CapitaLand Commercial Trust. As the largest proxy for Singapore commercial real estate, CICT owns and invests in quality income-producing assets primarily used for commercial (including retail and/or office) purposes, located predominantly in Singapore. CICT's portfolio comprises 20 properties in Singapore, two properties in Frankfurt, Germany, and three properties in Sydney, Australia with a total property value of S$27.0 billion or US$21.0 billion based on valuations of its proportionate interests in the portfolio as at 31 December 2025. CICT is managed by CapitaLand Integrated Commercial Trust Management Limited (CICTML or the Manager), a wholly owned subsidiary of CapitaLand Investment Limited, a leading global real asset manager with a strong Asia foothold. CapitaLand Integrated Commercial Trust was established in October 29, 2001.

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Frequently Asked Questions

Is CapitaLand (C38U) halal to invest in?

The current automated result is Financial criteria not met or an activity exclusion was detected. It uses available public financial fields and simplified methodology proxies. It is not a fatwa or an official determination by AAOIFI, DJIM, MSCI, S&P, or FTSE.

What is CapitaLand's debt ratio?

CapitaLand's debt ratio is 36.5% in the MSCI new-inclusion reproduction: total debt divided by total assets, against a 30% threshold. See the methodology page for the official source and limitations.

What are CapitaLand's key financial metrics?

CapitaLand has a market capitalization of SGD 17367M in its listing currency, trailing P/E ratio of 17.7, and revenue of $1.6B. The company maintains a gross margin of 69.1% and a net margin of 57.9%. Return on equity stands at 5.9%.

How often is the screening data updated?

Calculation date: 2026-08-31. Financial period: December 2025. These dates are shown separately because regenerating this page does not refresh the underlying data.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.