CapitaLand Investment’s revenue dips 3% YoY to $2.1b in 9M23

CLI’s real estate investment business weakened during the period.

CapitaLand Investment reported a 3.3% YoY lower nine-month revenue of $2.1b on the back of weaker real estate investment business.

CLI's real estate investment business revenue dropped by 8% YoY to $1.4b from $1.57b in 9M22.

On the flip side, CLI’s fee income-related business saw a 9% YoY uptick in revenue to reach $799m.

In the same period, CLI unlocked $1.1b of capital through divestments. As of year-to-date November 2023, CLI has divested $1.2b of assets.

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CapitaLand Investment Limited

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