by Amruth Sundarkumar | Sep 9, 2022 | Corporates, Singapore Dollar Bonds
Rating agency Moody’s summarized its take on the Singapore property market. Moody’s said that the credit quality of rated REITs and large property developers will remain stable through 2023. Companies with quality office assets, such as CapitaLand...
by Amruth Sundarkumar | May 12, 2022 | Singapore Dollar Bonds
CapitaLand Investment (CLI) reported a 16% YoY growth in revenue to S$598mn (429mn) for Q1 2022, driven by strong growth in fee-related earnings (FRE) from its fund and lodging management businesses. FRE for the fund management business increased 28% to S$132mn...
by Amruth Sundarkumar | Oct 14, 2021 | Singapore Dollar Bonds
CapitaLand China Trust (CLCT) is set to buy four logistics centers in China for RMB 1.68bn ($261mn). The centers in Shanghai, Kunshan, Wuhan and Chengdu will be the company’s first foray into China’s logistics sector as per the company. This investment...
by Amruth Sundarkumar | Aug 13, 2021 | Singapore Dollar Bonds
CapitaLand reported net profits of S$922mn ($679mn) for 1H2021, up almost 10x YoY, attributing the rise due to Singapore and China. CapitaLand saw portfolio gains of S$489mn ($360mn) that included gains from divestments and realized revaluation that helped boost...
by Amruth Sundarkumar | Jul 2, 2021 | Singapore Dollar Bonds
Singapore headquartered CapitaLand has sold two malls in Greater Tokyo for a consideration of JPY 42bn ($376.4mn) as a part of its portfolio management strategy. The sale of the malls is expected to result in a profit of ~JPY 9bn ($80.7mn). Simultaneously, the real...
