CLI fee revenue rises 10% to $310m in Q1 on listed funds growth
The group raised $2.5b and deployed $7.2b into logistics, retail, and living assets.
CapitaLand Investment (CLI) posted a 10% year-on-year increase in fee-related revenue to $310m in the first quarter of 2026, on the back of strong listed funds growth.
Total revenue for the quarter stood at $487m, the company said in a press release.
CLI raised about $2.5b in equity across its listed and private funds during the period. It deployed approximately $7.2b and divested $3.4b.
The group completed $6.9b in acquisitions spanning retail and business park assets, logistics properties in the US, Spain, and Singapore, as well as living and digital infrastructure assets in Japan.
It also divested $2.9b of assets, including a commercial office in Singapore’s central business district and a suburban retail property.
Meanwhile, the group is progressing towards a second China REIT listing on the Shanghai Stock Exchange.
CLI said it will focus on lodging and living, logistics and self-storage, and real estate credit, focusing on Singapore, Japan, and Australia.
In its private funds business, the group secured a $2.4b mandate to manage Income Insurance’s Singapore real estate portfolio, and clinched a final close of about $400m for its Asia Pacific Credit Program II
In addition, it raised $109m for a Singapore business park through a separately managed account backed by a sovereign wealth fund.
CLI’s lodging arm, The Ascott Limited, signed approximately 1,800 units and opened more than 2,250 units in the quarter. Revenue per available unit rose 3%, supported by a three-percentage-point increase in occupancy.
Ascott is targeting more than 25 property openings across Southeast Asia over the next 12 months.