CapitaLand Investment (CLI), a prominent global real asset manager, has announced a total revenue of S$487m for the first quarter of 2026. The company reported a 10% year-on-year increase in fee-related revenue, reaching S$310m, bolstered by significant growth in its listed funds. During this period, CLI successfully raised approximately S$2.5b in equity across its listed and private funds, despite a challenging fundraising environment.
CLI’s strategic moves included S$6.9 billion in acquisitions, focusing on suburban and core retail, business park properties in Singapore, and strategic logistics assets in the US, Spain, and Singapore. Additionally, the company divested S$2.9b, including a commercial office in Singapore’s central business district and a suburban retail asset. CLI is also progressing towards a second C-REIT listing on the Shanghai Stock Exchange.
The company is expanding its capital-efficient private funds platform, securing a S$2.4b investment mandate to manage Income Insurance’s Singapore real estate portfolio. Furthermore, CLI achieved a final close with approximately S$400m in capital commitments for its APAC Credit Programme II, highlighting growing institutional interest in asset-backed real estate credit strategies.
The Ascott Limited, CLI’s lodging platform, continues its asset-light growth by signing around 1,800 units and opening over 2,250 units. The platform saw a 3% rise in RevPAU, driven by a 3 percentage point increase in occupancy. Ascott aims to open over 25 properties across Southeast Asia in the next year and is advancing AI transformation through strategic partnerships.
CLI remains committed to navigating the dynamic market environment with disciplined capital management, focusing on high-conviction themes in lodging, logistics, and real estate credit across resilient markets such as Singapore, Japan, and Australia.
