Real Estate Management and Development
Company Overview of CapitaLand Limited
CapitaLand Limited, an investment holding company, engages in the real estate development, investment in real estate financial products and assets, investment advisory and management services, and management of serviced residences in Singapore, China, other Asia, and Europe and other countries. The company operates through CapitaLand Singapore, CapitaLand China, CapitaMalls Asia, Ascott, and Others segments. Its real estate portfolio includes integrated developments, shopping malls, serviced residences, offices, and homes. The company also manages real estate vehicles and real estate investment trusts. In addition, it owns and operates international serviced residences under the Ascott, Some...
No. 30-01 Capital Tower
168 Robinson Road
Founded in 1989
Key Executives for CapitaLand Limited
Chief Executive Officer, President, Non Independent Executive Director and Member of Corporate Disclosure Committee
Total Annual Compensation: $2.7M
Compensation as of Fiscal Year 2014.
CapitaLand Limited Key Developments
CapitaLand Limited Announces the Establishment of Subsidiary Global Apartments Co, Ltd
Nov 5 15
CapitaLand Limited announced the establishment of the following subsidiary incorporated in the Cayman Islands as part of its ongoing business development: Name: Global Apartments Co. Ltd. ("GAC"), Principal Activity: Investment Holding, and Paid-Up Share Capital: USD 1 million (approximately SGD 1.4 million) comprising 1,000,000 ordinary shares of USD 1 each. GAC is 51% owned by Ascott Holding (China) Limited, a wholly-owned subsidiary of CapitaLand while the balance 49% is held by Tujia.com International, a party not related to CapitaLand. The establishment of the above subsidiary is not expected to have any material impact on the net tangible assets or earnings per share of the CapitaLand Group for the financial year ending 31 December 2015.
Capitaland Scraps Talks On Office Tower Acquisition
Nov 4 15
CapitaLand Limited (SGX:C31) said that it had discontinued the talks with partners on the potential acquisition of an office tower in Singapore's central business district. CapitaLand was in discussion to acquire Asia Square Tower 1, a 43-storey office tower, from BlackRock, Inc. (NYSE:BLK).
Capitaland Limited Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015
Nov 3 15
CapitaLand Limited reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported revenue of SGD 1,075.971 million, profit before taxation from continuing operations of SGD 342.673 million and profit for the period attributable to owners of the company of SGD 192.723 million compared to revenue of SGD 918.928 million, profit before taxation from continuing operations of SGD 245.065 million and profit for the period attributable to owners of the company of SGD 129.983 million a year ago. Profit from continuing operations was SGD 318.938 million or 4.5 cents per share compared to SGD 226.629 million or 3.1 cents per share a year ago. Profit for the period was SGD 278.271 million or 4.5 cents per diluted share compared to SGD 197.584 million or 3.1 cents per diluted share a year ago. Net cash generated from operating activities was SGD 977.199 million compared to SGD 198.487 million a year ago. Purchase of property, plant and equipment was SGD 22.886 million compared to SGD 34.945 million a year ago. The higher revenue from China was mainly attributable to the higher number of units handed over to home buyers as well as the consolidation of CL Township's revenue as it became a subsidiary of the Group in March 2015. In addition, the Group also recorded higher rental revenue from its shopping mall and serviced residence businesses during the quarter. The improvement in EBIT was mainly due to the higher contribution from development projects in China
For the nine months, the company reported revenue of SGD 3,022.282 million, profit before taxation from continuing operations of SGD 1,359.461 million and profit for the period attributable to owners of the company of SGD 817.981 million compared to revenue of SGD 2,406.790 million, profit before taxation from continuing operations of SGD 1,244.686 million and profit for the period attributable to owners of the company of SGD 751.485 million a year ago. Profit from continuing operations was SGD 1,213.809 million or 19.2 cents per share compared to SGD 930.646 million or 16.8 cents per share a year ago. Profit for the period was SGD 1,100.682 million or 19.2 cents per diluted share compared to SGD 1,117.214 million or 17.6 cents per diluted share a year ago. Net cash generated from operating activities was SGD 1,739.878 million compared to SGD 393.522 million a year ago. Purchase of property, plant and equipment was SGD 45.452 million compared to SGD 75.259 million a year ago.
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