CapitaLand Limited had, or CLI, last year.for its maiden fiscal 2021 earnings report while declaring a final dividend of S$0.12 and a special dividend of S$0.03, taking the total FY2021 dividend to S$0.15.From this report, we try to discern if the group can increase itsCLI’s 1Q2022 financial performance was encouraging as it reported a 16% year on year growth in revenue to S$598 million.
The main reason for the jump was due to an increase in FRE from private funds of S$59 million, up sharply from just S$7 million in the same period last year. lyf, Ascott’s co-living brand, is targeting rapid expansion after its one-north campus in Singapore welcomed its first guest in November last year.CLI’s ambitious target is to open a total of 150 lyf properties by 2030 with over 30,000 units.The property investment specialist is sanguine about its prospects for the rest of 2022.Although geopolitical risks are present with the