- Capital raising activity remained resilient despite a weaker macro backdrop amid the Middle East conflict, with S$2.5bn in equity raised across listed and private funds year-to-date, alongside S$7.2bn in deployment year-to-date.
- CapitaLand Investment's 1Q26 revenue of S$487mil (-2% y-o-y) was slightly below our estimates, forming 21% of our FY26e forecast. Fee-related revenue was the standout performer, rising 10% y-o-y, driven by strong growth in listed (+14%) and private funds (+58%) management, while REIB (real estate investment) revenue declined 14% following the divestment of the Synergy platform.
The Positive
Fee income remains key growth driver.
- - Read this at SGinvestors.io -
- - Read this at SGinvestors.io -
- The lodging segment, which saw a 3% increase in RevPAU in 1Q26, is expected to see low-single-digit recurring fee income growth, with over 25 property openings in the next 12 months.
The Negative
China’s operating conditions remain challenging.
- 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/.
Darren Chan Phillip Securities Research | https://www.poems.com.sg/ 2026-04-30
Previous report by Phillip:
2026-02-16 CapitaLand Investment - Sharp Decline In China Valuations.
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
