CapitaLand Investment Limited (CLI) has announced its business updates for the first quarter of 2025, revealing a 3% year-on-year increase in fee income-related business to $281m. However, the real estate investment business saw a 6% decline, bringing revenue down to $242m, attributed to the deconsolidation of CapitaLand Ascott Trust. The company also highlighted its application for the listing of CapitaLand Commercial C-REIT, marking the first international-sponsored China REIT focused on retail properties in the People’s Republic of China.
The fund management sector showed resilience, with listed funds’ fee income-related revenue rising by 3% year-on-year. CLI’s private funds expanded their Korean Credit Programme, securing two loans for a data centre and a Grade A office development. Additionally, the SEA Logistics Fund invested in an industrial development in Vietnam’s Amata City Ha Long Industrial Park.
In lodging management, CLI reported a 5% year-on-year growth in Revenue per Available Unit, driven by the Ascott brand’s diversification into full-service hotels and branded residences. Commercial management also saw a 4% increase in fee-related earnings.
Despite the challenges, CLI maintains a strong balance sheet, with up to $7.4b available for future investments. The company continues to focus on strategic capital deployment across logistics, industrial, lodging, private credit, and data centres. Looking ahead, CLI aims to leverage its robust financial position to navigate market uncertainties and pursue growth opportunities.
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