CapitaLand Investment - UOB Kay Hian 2025-03-03: 2024 Results Weaker-than-expected, Outlook Remains Robust.

• CapitaLand Investment outlook appears reasonably bright given its strong growth in FUM and considerable headroom to invest in its growth segments. CapitaLand Investment’s guidance for higher dividend payout ratio of 50% signals strong belief in its cash generation.

2024 PATMI fell short of our and consensus estimates despite good execution.

• - Read this at SGinvestors.io -

Executing on divestments and capital recycling.

• - Read this at SGinvestors.io -
• We note that 66% of divested assets were retained within CapitaLand Investment-managed funds, maintaining asset control. These proceeds strengthened CapitaLand Investment’s balance sheet with net debt/equity falling to 0.39x as at end-24 (end- 23: 0.56x) which translates to S$7.4b of debt headroom for growth should it choose to increase its net debt/equity to 0.9x.

Higher dividend payout here to stay.

• Read more at SGinvestors.io.

Above is an excerpt from a report by UOB Kay Hian Research.
Clients of UOB Kay Hian may be the first to access the full PDF report @ https://www.utrade.com.sg/.

Previous report by UOB:
2024-11-07 CapitaLand Investment - Executing Well Operationally But Cautious On 2025.

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