- CapitaLand Investment (SGX:9CI)’s 3Q23 business update highlighted a divergence in topline performance for its Fee Income-related Business (FRB) and Real Estate Investment Businesses (REIB) segments.
Resilient FRB revenue offset by dip in revenue from REIB segment
- - Read this at SGinvestors.io -
- This implies that FRB revenue grew 10% y-o-y in 3Q23, while that of REIB fell 16% y-o-y.
Fee Income-related Business driven by lodging and commercial management
- Growth for its FRB topline was driven largely by its lodging management and commercial management (previously known as property management) businesses.
- - Read this at SGinvestors.io -
- There was more emphasis placed on its commercial management business this quarter, which CapitaLand Investment sees as a resilient, capital efficient and recurrent fee platform which provides services to its REITs and fast-growing private funds business.
Real Estate Investment Businesses (REIB) affected by China and FX
- Read more at SGinvestors.io.
