$CapitaLandInvest (9CI.SG)$ Just announced by this company. ...

$CapitaLandInvest(9CI.SG)$
Just announced by this company. All the best.
CapitaLand Investment Limited (CLI) has posted a total PATMI of S$1,349 million for FY 2021, reversing a net loss of S$559 million in FY 20201 .

Operating PATMI2 for FY 2021 was S$497 million, an increase of 12.2% year-on-year. This was mainly driven by higher fee income from its fund management and lodging management businesses, and improved property performance from CLI’s investment properties portfolio. Cash PATMI3 for FY 2021 doubled to S$1,113 million compared to FY 2020 on the back of improved operating performance and record asset recycling in 2021, which yielded a portfolio gain of S$616 million.
Revenue for FY 2021 rose 15.6% year-on-year to S$2,293 million, with higher contributions from both CLI’s fee-income related business (FRB) and real estate investment business (REIB). With CLI’s focused efforts on driving fund and lodging management growth to expand fee-related earnings, FRB revenue saw a significant 15% year-on-year increase to S$905 million. This was mainly driven by higher transactional fees from CLI’s listed REITs and private funds, consistent expansion in the lodging management business as it achieved its fifth straight year of record growth, as well as higher base management fees on the back of a 10% growth in funds under management (FUM) to S$86.2 billion. The higher REIB revenue came mainly from better operating performance in CLI’s core markets of Singapore and China, as well as in Europe, UK, the USA and Australia, and contribution from newly acquired assets, partially offset by loss of contributions from divested assets.
EBITDA for FY 2021 was S$2,469 million in a significant positive turnaround compared to a loss of S$33 million in FY 2020. In addition to the improvement in revenue, the Group’s investment properties held under its REIB recognised revaluation gains as well as higher portfolio gains from an active year of record asset recycling, which enabled the Group to realise a net effective divestment value of S$3.0 billion. Singapore and China remain the key contributors to EBITDA, accounting for 33% and 28% of total EBITDA respectively.
Subject to shareholders’ approval, the Board is proposing a dividend of 15.0 Singapore cents per share, comprising an ordinary dividend of 12.0 Singapore cents per share and a special dividend of 3.0 Singapore cents per share for FY 2021. The total payout of approximately S$771 million, based on the number of issued shares (excluding treasury shares) as at 31 December 2021, represents a payout ratio against total PATMI of 57.4%.