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Asia-focused real estate asset manager and REIT sponsor, spun off from CapitaLand's development business.
Asia-focused real estate asset manager and REIT sponsor, spun off from CapitaLand's development business.
Earns recurring management fees on a percentage of the property assets it runs for its listed REITs and private funds, plus performance fees when returns beat targets and some income from its own stakes. Formed in 2021 when CapitaLand reorganised into an investment arm and a development arm; Temasek, via the CapitaLand group, is the controlling shareholder.
In one line: A Singaporean Brookfield Asset Management/CBRE Investment Management hybrid.
Moat: narrow (scale, installed base, brand). Large existing AUM and sponsor relationships with several listed Singapore REITs support recurring fee income.
Headquarters: Singapore · Founded: 2021
Size CapitaLand Investment (9CI.SI) is a Singapore Real Estate company (Real Estate Investment Trusts) with a market value of $9.22B, the 14th largest of 186 Singapore companies the cockpit tracks. Shares closed at S$2.36 on 6 Nov 2026.
Performance Over six months the shares fell 10.6%, against -1.2% for the median peer and -1.2% for the Singapore market (cap-weighted) — 3rd lowest of 21 in its peer set.
Growth Revenue fell 15.4% over the last twelve months (peer median +7.2%); the operating margin is 29.2% (peer median 38.6%).
Valuation It trades at 0.94× book value against a peer median of 1.54× (4th cheapest of 21).
Price implies The share price implies a return on equity of about 7.9%; CapitaLand Investment delivers 1.5%, so the price asks more than the business earns today.
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | S$2.20B | S$2.23B | S$2.93B | S$2.92B | S$3.02B |
| Revenue growth | — | -24% | 0% | -3% | — |
| Gross profit | S$1.02B | S$968M | S$1.24B | S$1.25B | S$1.29B |
| EBITDA | S$772M | S$735M | S$968M | S$1.03B | S$1.05B |
| Net income | S$185M | S$145M | S$479M | S$181M | S$861M |
| Free cash flow | S$402M | S$647M | S$499M | S$603M | S$524M |
| Capital expenditure | S$57.0M | S$12.0M | S$19.0M | S$23.0M | S$156M |
| Total debt | n/a | S$8.35B | S$7.90B | S$13.0B | S$13.0B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| CapitaLand Investment 9CI.SI | $9.22B | -11% | -15% | 1% | 0.94× | 7.9% |
| Keppel BN4.SI | $13.0B | -13% | +11% | 8% | 1.69× | 11.9% |
| Brookfield Asset Management BAM | $86.7B | +6% | +120% | 35% | 11.56× | 96.9% |
| Frasers Property TQ5.SI | $2.80B | -20% | -21% | 2% | 0.38× | 2.9% |
| Charter Hall CHC.AX | $7.26B | +14% | -19% | 37% | 18.01× | 213.5% |
| Lendlease LLC.AX | $1.23B | -16% | -30% | -15% | 0.36× | 6.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 9CI.SI | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.1% | +6.8% | lowest of 21 |
| 6-month return | -10.6% | -1.2% | 3rd lowest of 21 |
| Return on equity | 1.5% | 8.9% | 6th lowest of 20 |
| Price / book | 0.94× | 1.54× | 4th cheapest of 21 |
| Trailing P/E | 65.4× | 21.8× | 2nd most expensive of 16 |
| ROE the price implies | 7.9% | 13.0% | 3rd least demanding of 21 |
| ROE delivered | 1.5% | 8.9% | 6th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| CapitaLand Investment 9CI.SI | Singapore | $9.22B | -11% | -15% | 1% | 0.94× | 7.9% | 1.5% |
| Brixmor Property BRX | United States | $9.21B | +1% | +5% | 14% | 3.05× | 23.1% | 14.2% |
| Ryman Hospitality Properties RHP | United States | $9.11B | +19% | +13% | 26% | 6.58× | 55.9% | 26.0% |
| Agree Realty ADC | United States | $9.09B | -8% | +18% | 4% | 1.34× | 8.2% | 3.8% |
| CareTrust REIT CTRE | United States | $9.03B | -8% | +53% | 9% | 2.01× | 14.7% | 9.1% |
| Lineage LINE | United States | $8.91B | -2% | +1% | -2% | 1.13× | 9.9% | -2.0% |
| CapitaLand Ascendas REIT A17U.SI | Singapore | $8.83B | -9% | +7% | 7% | 0.99× | 5.2% | 7.0% |
| Federal Realty Investment Trust FRT | United States | $9.74B | -2% | +8% | 14% | 3.14× | 23.7% | 13.6% |
| Janus Living JAN | United States | $9.93B | +15% | n/a | n/a | 2.41× | 15.7% | n/a |
| CubeSmart CUBE | United States | $10.1B | +11% | +3% | 13% | 4.06× | 30.4% | 13.1% |
| BXP BXP | United States | $10.4B | +11% | +3% | 10% | 2.00× | 17.2% | 10.4% |
| EastGroup Properties EGP | United States | $10.4B | -6% | +10% | 9% | 2.92× | 22.3% | 8.9% |
| MERLIN Properties SOCIMI MRL.MC | Spain | $8.05B | -23% | +13% | 10% | 0.77× | 8.0% | 9.9% |
| Rexford Industrial Realty REXR | United States | $8.02B | +4% | -2% | -6% | 1.16× | 11.7% | -5.9% |
| Vicinity Centres VCX.AX | Australia | $8.01B | 0% | +3% | 12% | 0.94× | 9.7% | 12.0% |
| Choice Properties Real Estate Investment Trust CHP-UN.TO | Canada | $7.95B | -1% | +4% | -2% | 2.66× | 14.7% | -1.7% |
| NNN REIT NNN | United States | $7.89B | -7% | +7% | 9% | 1.75× | 12.9% | 8.9% |
| Alexandria Real Estate Equities ARE | United States | $7.80B | -2% | -10% | -9% | 0.52× | 7.0% | -9.1% |
| Stockland SGP.AX | Australia | $7.74B | +15% | +15% | 10% | 1.04× | 11.7% | 9.5% |
| AGNC Investment AGNC | United States | $11.2B | -19% | +152% | 1% | 1.15× | 13.1% | 0.9% |
| Land Securities LAND.L | United Kingdom | $7.51B | +20% | +7% | 5% | 0.77× | 11.9% | 5.3% |