Felayt wrote a post · May 12, 2022 11:34

SG Spotlight: CapitaLand Investment Q1 Revenue up 16%

CapitaLand Investment $CapitaLand (C31.SG)$ posted a 16% growth on year in revenue to S$598 million for its first quarter, amid a healthy growth in fee-related earning(FRE) from its fund and lodging management businesses.

Meanwhile, FRE for its lodging management business was up 31% on year at S$55 million.

SG Spotlight: CapitaLand Investment Q1 Revenue up 16%

Its lodging business also posted a 34% rise in revenue per available unit for the quarter, as pent-up demand fuelled a strong pick-up in March with more countries welcoming vaccineated travellers.

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more