CapitaLand Investment Limited (CLI) has reported a significant increase in its Fee Income-Related Business (FRB) revenue, reaching S$564 million for the first half of 2025. This growth is attributed to higher recurring fund management fees from acquisitions by listed funds, the creation of new private funds, and new management contracts. The FRB revenue includes contributions from Listed Funds Management, Private Funds Management, Lodging Management, and Commercial Management.
Despite a total revenue of S$1,040 million, which is lower than the previous year due to the deconsolidation of CapitaLand Ascott Trust as a subsidiary, CLI’s revenue saw a 7% increase when excluding the impact of divestments. This rise is largely due to improved fee income from the FRB segment and enhanced performance in the Real Estate Investment Business segment, particularly in the USA, Japan, and Europe.
CLI’s Total Profit After Tax and Minority Interests (PATMI) and Operating PATMI for the period were S$287 million and S$260 million, respectively. Although lower than the previous year, this was mitigated by new investments and improved lodging performance. The company’s EBITDA stood at S$581 million, influenced by various factors including the deconsolidation of CLAS and foreign exchange losses.
Group CEO Lee Chee Koon highlighted the company’s strategic focus on sectors with strong growth potential, such as living and lodging, logistics, and self-storage. He noted, “We are strengthening our funds platforms and continuously sourcing for attractive deals in sectors with strong tailwinds.”
Looking ahead, CLI aims to expand its private funds platform and accelerate capital deployment in key markets, with a target of achieving S$200 billion in funds under management by 2028.
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