CapitaLand Investment - Expect Capital Recycling Activities To Step Up

CapitaLand Investment - OCBC Investment 2024-04-29: Expect Capital Recycling Activities To Step Up

CapitaLand Investment - Expect Capital Recycling Activities To Step Up

SGinvestors.io

Published: 2024-05-03 12:58 AM

CapitaLand Investment (SGX:9CI)

CapitaLand Investment (SGX:9CI) provided its business update for 1Q24. The only profit and loss statement item it disclosed was revenue, which came in at S$650m, versus S$651m in the same period a year ago.

increase in fee income-related business offset by decline in real estate investment business revenue

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Its listed funds management, lodging management and commercial management businesses clocked in y-o-y growth of 4%, 8% and 18%, respectively.
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The lower REIB revenue was due partly to asset divestments and weaker revenue in the US, but partially offset by improved contribution from Japan.

Management highlighted roadmap to achieving its S$200b FUM target, from S$100b currently

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Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

SGinvestors.io

OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2024-04-29

Read also OCBC's most recent report:
2026-02-12 CapitaLand Investment - Potential Transformational Year.

Previous report by OCBC:
2025-11-07 CapitaLand Investment - Improved Fee Income & Fundraising Momentum.

Price targets by 4 other brokers at CapitaLand Investment Target Prices.

Listing of research reports at CapitaLand Investment Analyst Reports.

Relevant links:
CapitaLand Investment Share Price History,
CapitaLand Investment Announcements,
CapitaLand Investment Dividend Payout Dates & Corporate Actions,
CapitaLand Investment News