CapitaLand Investment Limited (SGX: 9CI), or CLI, has released an encouraging set of numbers for its fiscal 2022’s first half (1H2022) earnings.
The group is moving further along with its capital recycling target and is also closer to achieving its objective for its lodging management unit.
As a recap, CLI was spun out from Capitaland Limited in a demerger that saw the latter’s development unit privatised under Temasek Holdings.
The property investment giant’s latest report card shows good progress on several fronts and highlights the group’s commitment to building up its recurring income streams.
Here are five highlights from CLI’s earnings that investors should take to heart.
1. A jump in core net profit
Revenue for the group grew 29.1% year on year to S$1.35 billion, aided by increases in fee income from CLI’s fund and lodging management divisions.
The property group’s lodging division also saw better contributions while its retail properties in both Singapore and Malaysia posted a...