CapitaLand Investment Q1 revenue dips 0.2% to $650 million

The Straits Times04-26

SINGAPORE - CapitaLand Investment (CLI) reported a total revenue of $650 million for the first quarter ended March, down 0.2 per cent from $651 million in the same period last year. On April 26, the ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2430260439?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-04-26 09:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2430260439","market":"sg","top_or_hot":-1,"title":"CapitaLand Investment Q1 revenue dips 0.2% to $650 million","media":"The Straits Times","content":"<div>\n<p>SINGAPORE - CapitaLand Investment (CLI) reported a total revenue of $650 million for the first quarter ended March, down 0.2 per cent from $651 million in the same period last year.\nOn April 26, the ...</p>\n\n<a href=\"https://www.straitstimes.com/business/capitaland-investment-q1-revenue-dips-02-to-650-million\">Source Link</a>\n\n</div>\n","source":"straits_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CapitaLand Investment Q1 revenue dips 0.2% to $650 million</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCapitaLand Investment Q1 revenue dips 0.2% to $650 million\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-04-26 09:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.straitstimes.com/business/capitaland-investment-q1-revenue-dips-02-to-650-million><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE - CapitaLand Investment (CLI) reported a total revenue of $650 million for the first quarter ended March, down 0.2 per cent from $651 million in the same period last year.\nOn April 26, the ...</p>\n\n<a href=\"https://www.straitstimes.com/business/capitaland-investment-q1-revenue-dips-02-to-650-million\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"9CI.SI","symbol_name":"凯德投资","start_time":0,"source_url":"https://www.straitstimes.com/business/capitaland-investment-q1-revenue-dips-02-to-650-million","article_id":"2430260439","we_media_id":null,"thumbnails":[],"rights":{"source":"straits_highlight","url":"https://www.straitstimes.com/business/capitaland-investment-q1-revenue-dips-02-to-650-million","rn_cache_url":null,"customStyle":"","selectors":"body","filters":"","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2430260439","pubTimestamp":1714093320,"sourceInfo":{"source_id":"straits_highlight","name":"Straits Times"},"weMediaInfo":null,"summary":"SINGAPORE - CapitaLand Investment  reported a total revenue of $650 million for the first quarter ended March, down 0.2 per cent from $651 million in the same period last year.On April 26, the real estate investment manager said this demonstrated “stable” performance on a year-on-year basis.Fee-income-related business revenue grew 7 per cent on the year to $274 million, versus $255 million in the year-ago quarter.The growth was driven largely by increased revenue contributions from the commercial, lodging, and listed funds management segments, which more than offset a decline in revenue from private funds management.CLI’s real estate investment business revenue fell 4 per cent to $430 million from $447 million in the same period last year, which the group noted to be “largely stable”.The revenue decline comes after factoring in asset divestments and lower revenue from its lodging platform, Synergy, which led to lower revenue under CLI’s US and lodging segments.CapitaLand Investment pos","collect":0,"end_time":0,"defaultTopTitle":"straitstimes.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"9CI.SI":"凯德投资"},"translate_title":"凯德置地投资Q1公司收入下降0.2%，至6.5亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"9CI.SI":1},"content_text":"SINGAPORE - CapitaLand Investment (CLI) reported a total revenue of $650 million for the first quarter ended March, down 0.2 per cent from $651 million in the same period last year.\nOn April 26, the real estate investment manager said this demonstrated “stable” performance on a year-on-year basis.\nFee-income-related business revenue grew 7 per cent on the year to $274 million, versus $255 million in the year-ago quarter.\n\n\n\nThe growth was driven largely by increased revenue contributions from the commercial, lodging, and listed funds management segments, which more than offset a decline in revenue from private funds management.\n\nCLI’s real estate investment business revenue fell 4 per cent to $430 million from $447 million in the same period last year, which the group noted to be “largely stable”.\nThe revenue decline comes after factoring in asset divestments and lower revenue from its lodging platform, Synergy, which led to lower revenue under CLI’s US and lodging segments.\n\n\n\n\nCLI also highlighted higher real estate investment revenue contributions from Japan due to increased office occupancy and the addition of three rental housing properties under the CapitaLand Ascott Trust.\n\n\nOverall revenue per available unit (RevPAU) for the quarter grew 6 per cent to $86 on a 2 percentage-point growth in occupancy, as well as 4 per cent higher average daily rates.\nCLI noted that North Asia, excluding China, performed “strongly” with a 14 per cent growth in RevPAU.\n\nRevPAU in the Middle East, Turkey, India and Singapore also exceeded pre-Covid levels.\n\nEurope experienced a 5 percentage-point drop in occupancy as certain properties were under renovation. RevPAU for this market nonetheless remained “healthy” at 109 per cent of pre-Covid levels, said the real estate investment manager.\n\nCLI said that while it witnessed solid performance and market fundamentals in the growth hotspots of Singapore and India, other markets “showed varied prospects”.\n\nChina remained challenged, observed the group, adding that this market was “navigating macroeconomic weakness but seeing turnaround signs”.\n\nFrom Jan 1 to April 25, 2024, the group achieved funds under management of $100 billion.\nIt aims to grow this figure to $200 billion by 2028 on the back of organic expansion and strategic inorganic initiatives, such as the selective pursuit of bolt-on or transformative mergers and acquisitions.\nShares of CLI ended down two cents, or 0.8 per cent, at $2.63 on April 25. THE BUSINESS TIMES\n\n\n\n\n\nMore On This Topic\n\n \n\nCapitaLand Investment posts $170m second-half loss, aims to double funds under management\n\n\n\n \n\nCapitaLand Ascott Trust Q1 gross profit rises 15%","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2430260439"}