CapitaLand Investment announced its full-year 2025 results during a non-deal roadshow in Hong Kong on Feb, 12 2026.

The group reported fee-related revenue of 1.234 billion Singapore dollars, a 6% increase year on year, while operating profit after tax and minority interests rose 6% to 539 million Singapore dollars. Total profit after tax and minority interests declined to 145 million Singapore dollars, mainly because of higher revaluation losses in China and lower portfolio gains.

Funds under management expanded 7% to 125 billion Singapore dollars, driven by 4.9 billion Singapore dollars of new equity raised for private funds, the listing of CapitaLand Commercial C-REIT in Shanghai and 3.7 billion Singapore dollars of acquisitions by listed funds. Listed funds’ assets under management reached 75 billion Singapore dollars, making the company what it describes as Asia-Pacific’s largest REIT manager by market capitalisation.

Net debt-to-equity stood at 0.43 times, with 72% of debt on fixed rates and an average debt maturity of 3.1 years. Operating cash flow amounted to 935 million Singapore dollars, and the interest coverage ratio was 4.2 times.

The board proposes a final cash dividend of 12 Singapore cents per share for FY 2025, unchanged from the previous year.

For FY 2026, CapitaLand Investment plans to accelerate divestments—particularly of its remaining 3 billion Singapore dollars of China assets—expand its lodging pipeline after signing about 19,000 units in 2025, and pursue new fund launches to advance toward its 200 billion Singapore dollar funds-under-management target by 2028.