Link: https://links.sgx.com/1.0.0/corporate-announcements/B84QP6QNIPA3I825/ae367cc53abca3ebebb80d56e52bab69fcc15063504bf4e4cdc574ed7faa9c49

Summary:

• Fee-related revenue rose 7% year-on-year to S$882 million, driven by stronger event-driven fees and new funds, while real estate investment revenue dipped 12% due to asset divestments and deconsolidation.

• S$3.7 billion in total equity was raised by listed and private funds, powering strategic acquisitions and debt repayments; major RMB fund launches in China and continued India Logistics growth.

• Monetised S$2.2 billion across diverse strategies, including key asset sales in China and partnership initiatives for capital-efficient growth.

• Successful listing of CapitaLand Commercial C-REIT in Shanghai, with IPO price exceeded by 20% and estimated FY2025 yield of 4.4%.

• Lodging division expanded global reach with 13,500 units signed and RevPAU up 2% year-over-year, led by occupancy and rate gains in Japan, Korea, and Europe.

• Operating cashflow reached S$646 million, debt headroom stood at S$6.4 billion, and portfolio occupancy remained high across APAC, Europe, and the US.

• Board remains focused on scalable growth, platform performance, disciplined capital management, and sustained fundraising momentum.