By Megan Cheah
CapitaLand Investment reported a rise in fee-related revenue for the first quarter, but said the environment for fundraising and capital allocation is turning more cautious amid geopolitical uncertainty.
The Singapore real estate-focused asset manager's fee-related revenue for the three-month period rose 10% on the year to 310 million Singapore dollars, equivalent to US$242.7 million.
The rise was supported by strong listed-funds growth, it said Wednesday.
CapitaLand Investment also said that it has raised around S$2.5 billion of equity year-to-date across its private and listed funds. In the same period, it deployed around S$7.2 billion and divested about S$3.4 billion across its funds platform.
The company expects uncertain market conditions to moderate the pace of capital raising and deployment, while potential inflation-driven cost pressure could weigh on its asset operations.
The asset manager aims to focus on themes such as lodging and living and real estate credit in "resilient markets" including Singapore, Japan and Australia.
"[CapitaLand Investment's] strong balance sheet and capital position provide flexibility to pursue strategic and accretive opportunities," the company added.
The asset manager's shares have risen around 3.7% year-to-date, compared with the benchmark FTSE Straits Times Index's 5.2% gain.
Write to Megan Cheah at megan.cheah@wsj.com
(END) Dow Jones Newswires
April 28, 2026 20:36 ET (00:36 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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