CapitaLand Investment has posted a 165% y-o-y surge in headline patmi due to divestments and plans a new dividend policy of 50% payout from cash patmi.

CapitaLand Investment (CLI) has posted a total patmi of $479 million for FY2024, up 165% y-o-y.

However, operating patmi for FY2024 fell 10% y-o-y to $510 million, mainly due to absence of contribution from divested properties as CLI continues its asset-light strategy. CLI generated net portfolio gains of $230 million from divestments. 

Revenue for FY2024 was $2,815 million, with fee-related business (FRB) revenue growing by 9% y-o-y to $1,169 million, supported by increases in revenue contribution from all four FRB segments: Listed Funds Management, Private Funds Management, Lodging Management and Commercial Management.  

Private funds management recorded an increase of 10%. Ebitda for FY2024 rose by 29% y-o-y to $1,421 million. CLI’s funds under management (FUM) grew to $117 billion. CLI attracted more than $3.3 billion in investments across its listed and private funds platforms.