CapitaLand Investment - OCBC Group Research 2026-02-12: Potential Transformational Year

• CapitaLand Investment (SGX:9CI)’s FY25 revenue fell 24% y-o-y to S$2,133m due to the deconsolidation of CapitaLand Ascott Trust. Excluding this, revenue would have remained stable.

FY25 results fell short of expectations.

• - Read this at SGinvestors.io -
• Management declared a first and final CapitaLand Investment's dividends of 12 Singapore cents, which translates to a decent dividend yield of 3.9%, based on CapitaLand Investment's share price of S$3.06.

Material revaluation losses from China assets, with ongoing targeted divestments.

• - Read this at SGinvestors.io -
• Total gross divestments came in at S$3.1b in FY25 (FY24: S$5.5b), and this included approximately S$1b from China at 10- 20% discount to book values.

Plan for 2nd C-REIT listing.

• Read more at SGinvestors.io.

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

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

Price targets by 2 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