CapitaLand Investment releases 1Q 2026 update with higher fee-related revenue and S$2.5 billion equity raised

CapitaLand Investment Limited reported its 1Q 2026 business update on Apr, 29 2026.

The group generated fee-related revenue of 310 million Singapore dollars, a year-on-year increase of 10 percent, while total revenue slipped 2 percent to 487 million Singapore dollars.

Between Jan, 1 and Apr, 28 2026, the company secured approximately 2.52 billion Singapore dollars in equity across its listed and private funds. Listed vehicles raised about 2.33 billion Singapore dollars, comprising CapitaLand Integrated Commercial Trust (750 million Singapore dollars), CapitaLand Ascendas REIT (903.5 million Singapore dollars), CapitaLand India Trust (150 million Singapore dollars) and Japan Hotel REIT (527.9 million Singapore dollars). Private funds attracted 188.4 million Singapore dollars.

During the same period, CapitaLand Investment deployed roughly 7.28 billion Singapore dollars into new investments and completed divestments totalling 3.39 billion Singapore dollars, including the sale of Bukit Panjang Plaza for 428 million Singapore dollars and the divestment of asset-backed securities transaction AST2 for 2.48 billion Singapore dollars.

Operationally, lodging RevPAU rose 3 percent year on year, supported by a 3-percentage-point increase in occupancy, with Japan and Korea recording 7 percent RevPAU growth.

As at Mar, 31 2026, the group’s net debt-to-equity ratio stood at 0.41x, with 73 percent of debt on fixed rates, an implied interest cost of 3.6 percent per annum and average debt maturity of 2.9 years. Operating cash flow for the quarter was 289 million Singapore dollars.