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CLI reports FY2022 earnings of $861 mil, plans distribution of Clas units

The Edge Singapore
The Edge Singapore • 3 min read
CLI reports FY2022 earnings of $861 mil, plans distribution of Clas units
CapitaSpring, one of the newest developments under CLI. Photo: CapitaLand
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CapitaLand Investment (CLI) (SGX:9CI) has reported earnings of $861 million for FY2022, down 36.2% versus the preceding year ended Dec 31 2021’s $1.35 million, because of lower divestment gains and also lower fair value gains from revaluation of its investment properties.

Revenue for FY2022 was up 25% over FY2021 to $2.88 billion, boosted by higher contributions from FRB, or fee income-related business, and real estate investment business, or REIB.

For 2HFY2022, earnings was down 33.8% y-o-y to $428 million, revenue was up 22.3% to $1.5 billion.

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