CapitaLand Investment’s Q1 revenue drops 24% YoY

CLI reported a total revenue of $496m.

CapitaLand Investment (CLI) reported a 24% year-on-year (YoY) drop in total revenue in Q1 2025 to $496m.

Revenue from the Real Estate Investment Business (REIB) fell 6% YoY to $242m, contributing 46% of total revenue. Meanwhile, the Fee Income-related Business (FRB) rose 3% YoY to $281m, accounting for the remaining 54%.

In a bourse filing, CLI said the drop in total revenue was mainly due to the deconsolidation of CapitaLand Ascott Trust (CLAS), following its divestment of a 4.9% stake, and the lower REIB revenue.

Meanwhile, the increase in FRB was driven by growth in the listed funds management, lodging management, and commercial management segments, which posted YoY increases of 3%, 2%, and 4%, respectively.

Retail and office occupancy in its Singapore portfolio remained unchanged at 99% and 98%, respectively, whilst occupancy for business parks, logistics, and industrial assets held steady at 92%.