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.
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.
