CapitaLand Investment’s revenue rose to $598m in Q1

It increased by 16% compared to the first quarter of 2021.

Global real estate investment manager, CapitaLand Investment, reported a total revenue of $598m in the first quarter of 2022, higher by 16% from the same period last year.

The firm said its performance remained “resilient” due to the growth of free-related earnings from fund and lodging management.

Under lodging management, the company managed to open more than 2,200 units in Africa, Asia, Middle East, and Europe.

CapitaLand Investment said most of their markets started to stabilise international travel lanes, and operating conditions have improved whilst the surge of COVID-19 infection wanes, excluding China which experienced a resurgence of the deadly virus.

Despite geopolitical unrest, the firm said it will remain resilient as it continues to drive its fund management, lodging management, and capital management.