CapitaLand Investment - Phillip Securities 2025-05-02: Resilience Anchored By Recurring Fees

• CapitaLand Investment's 1Q25 revenue of S$496mil (-24% y-o-y) was slightly below our estimates, forming 22% of our FY25e forecast. The y-o-y decline was due to the deconsolidation of CapitaLand Ascott Trust (SGX:HMN). Excluding this, revenue was stable y-o-y.
• - Read this at SGinvestors.io -
• - Read this at SGinvestors.io -
• Investments totalling S$1.5bn were made in 1Q25, including the S$944mil Osaka DC development, bringing deployed FUM to ~S$109bn.

The Positives

Recurring FRB revenue remained resilient in 1Q25.

• Read more at SGinvestors.io.

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

Previous report by Phillip:
2025-03-17 CapitaLand Investment - Next Phase Of Growth.

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