CapitaLand Investment Is a Leading Real Estate Manager With Strong Recurring Income

CapitaLand Investment, or CLI, is a real estate investment management company with SGD 133 billion in total assets under management as of Sept. 30 2023. Currently, the firm generates most of its income from direct real estate investment where it invests in a portfolio of office, retail, lodging, logistics, business parks and data center assets for rental income. CLI also collects management fees and distribution income from the listed vehicles and private funds it manages. Around 80% of the funds under management comprises listed REITs such as CapitaLand Integrated Commercial Trust, CapitaLand Ascendas REIT, and CapitaLand Ascott Trust. As for its lodging management business, CLI does not directly own most of the properties and manages the units through management contracts and franchise agreements. CLI operates the lodging management business across multiple brands and has steadily ramped up its lodging business in recent years with a target of achieving a lodging management fee revenue of SGD 500 million by 2028 from SGD 258 million at the end of 2022.