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A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
CPAMF'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.46 Med: 0.59 Max: 0.68
Current: 0.62
During the past 13 years, the highest Debt-to-Equity Ratio of CapitaLand Integrated Commercial Trust was 0.68. The lowest was 0.46. And the median was 0.59.
CPAMF's Debt-to-Equity is ranked better than 63.04% of 690
companies
in the REITs industry
Industry Median: 0.78
vs CPAMF: 0.62
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
CapitaLand Integrated Commercial Trust Debt-to-Equity Related Terms
CapitaLand Integrated Commercial Trust Debt-to-Equity Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the REIT - Retail subindustry, CapitaLand Integrated Commercial Trust's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CapitaLand Integrated Commercial Trust Debt-to-Equity vs REITs Industry
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
CapitaLand Integrated Commercial Trust (CPAMF) has a Debt-to-Equity of 0.62 as of Dec. 2025. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on CapitaLand Integrated Commercial Trust and its competitors. This is near median its historical median of 0.59. Over the past decade, CapitaLand Integrated Commercial Trust's Debt-to-Equity has ranged from 0.46 to 0.68. According to the industry distribution chart, CapitaLand Integrated Commercial Trust ranks #255 out of 690 companies in the REITs industry, placing it in the top 37%.
Is CapitaLand Integrated Commercial Trust's Debt-to-Equity too high?
CapitaLand Integrated Commercial Trust's current Debt-to-Equity of 0.62 is near median its 10-year median of 0.59. Over the past 10 years, this metric has ranged from a low of 0.46 to a high of 0.68. The REITs industry median Debt-to-Equity is 0.78. CapitaLand Integrated Commercial Trust's value of 0.62 is 20.5% below this industry median. Based on the distribution chart, CapitaLand Integrated Commercial Trust ranks #255 out of 690 companies in the REITs industry, which is above the industry midpoint. Overall, CapitaLand Integrated Commercial Trust has a GF Score™ of 74/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CapitaLand Integrated Commercial Trust's Debt-to-Equity compare to SPG and O?
According to the REITs industry distribution chart, CapitaLand Integrated Commercial Trust ranks #255 out of 690 companies for Debt-to-Equity. This puts CapitaLand Integrated Commercial Trust in the upper half of its industry. The industry median Debt-to-Equity is 0.78. CapitaLand Integrated Commercial Trust's value of 0.62 is 20.5% below this benchmark. Historically, CapitaLand Integrated Commercial Trust's own Debt-to-Equity has ranged from 0.46 to 0.68 over the past decade. While the company's 10-year median is 0.59 vs. the industry median of 0.78, CapitaLand Integrated Commercial Trust has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a REITs company?
The median Debt-to-Equity among REITs companies is 0.78, based on 690 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CapitaLand Integrated Commercial Trust's current Debt-to-Equity of 0.62 is 20.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on CapitaLand Integrated Commercial Trust and its competitors. For the REITs industry, the median Debt-to-Equity is 0.78 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CapitaLand Integrated Commercial Trust's current Debt-to-Equity is 0.62, which is near median its own 10-year median of 0.59. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CapitaLand Integrated Commercial Trust stock overvalued right now?
Based on GuruFocus' analysis, CapitaLand Integrated Commercial Trust (CPAMF) is currently considered Modestly Overvalued. The stock's GF Value™ is $1.49, compared to a current price of $1.89 — trading 26.8% above its estimated fair value. The current Debt-to-Equity is 0.62, which is near median its 10-year median of 0.59 and 20.5% below the REITs industry median of 0.78. CapitaLand Integrated Commercial Trust's overall GF Score™ is 74/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For CapitaLand Integrated Commercial Trust (CPAMF), the current Debt-to-Equity is 0.62 as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is CapitaLand Integrated Commercial Trust (CPAMF) Overvalued in 2026?
Based on GuruFocus' analysis, CapitaLand Integrated Commercial Trust stock appears to be overvalued.
The current stock price of $1.89 is trading 26.8% above its estimated GF Value™ of $1.49.
GuruFocus considers CapitaLand Integrated Commercial Trust to be Modestly Overvalued.
Key valuation signals for CPAMF:
Debt-to-Equity: 0.62 (near median its 10-year median of 0.59)
GF Value™: $1.49 vs. price of $1.89 (26.8% above fair value)
Industry Position: 20.5% below the REITs median (#255 of 690)
No single metric tells the full story. See the CPAMF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
CapitaLand Integrated Commercial Trust Business Description
CICT was established following the merger between CapitaLand Mall Trust and CapitaLand Commercial Trust in October 2020. The trust has a diversified portfolio of 26 properties valued at SGD 27.4 billion as of Dec. 31, 2025. These include offices (mainly in the central business district), retail malls (including urban and suburban malls), and integrated development. Most of its properties are located in Singapore, with assets in Australia and Germany making up less than 10% of its portfolio. The trust is externally managed by CapitaLand Integrated Commercial Trust Management; parent CapitaLand retains a 24% stake in CICT.
74GF Score
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