Listed Funds Management
Creating sustainable value, shaping the future
At CapitaLand Investment (CLI), we stay ahead of the curve, ensuring our listed funds are well-positioned to deliver sustainable returns and lasting value to unitholders as we shape the future.
Since pioneering real estate investment trusts (REITs) in Singapore more than 20 years ago, we have expanded our portfolio of listed funds across diverse asset classes and geographies, offering unitholders more choices.
As Asia Pacific’s largest manager of REITs and business trusts, CLI holds stakes in eight listed funds with a total market capitalisation of approximately S$42 billion1.
Strong sponsor support
As a sponsor of our listed funds, we are closely aligned with the interests of our unitholders. We are committed to supporting the funds in their pursuit of sustainable returns.
Proactive strategies to drive sustainable returns
Through proactive portfolio and asset management, agility in capitalising on demographics, disruption and digitalisation-themed investment opportunities, as well as disciplined capital management, our listed funds have remained resilient across market cycles. Leveraging our strong local networks, superior market knowledge and solid expertise, our listed funds will continue to drive performance and pursue accretive opportunities.
Creating a lasting impact
As we grow, our commitment to environmental, social and governance tenets guides our actions to create a positive impact in the markets where we operate.
Staying true to our spirit of breaking new ground, we remain bold yet disciplined, positioning ourselves for long-term success.
1As at 23 September 2025. Includes Japan Hotel REIT (JHR) through CLI’s 40% stake in SC Capital Partners Group, the sponsor of JHR.
CapitaLand Integrated Commercial Trust (CICT) is the first and largest S-REIT. As the largest proxy for Singapore commercial real estate, it owns and invests in quality income-producing retail and office assets located predominantly in Singapore.
S$15.9 B
Market cap
S$26.5 B
FUM
21%
CLI's effective stake
CapitaLand Ascendas REIT (CLAR) is the first and largest business space and industrial S-REIT, with a strong focus on tech and logistics properties in developed markets. It invests in properties such as business space and life sciences, industrial and data centres, logistics in Singapore, the United States, Australia and the United Kingdom/Europe.
S$12.3 B
Market cap
S$18.4 B
FUM
17%
CLI's effective stake
CapitaLand Ascott Trust (CLAS) is the largest lodging trust in Asia Pacific. It invests in income-producing real estate assets globally including serviced residences, rental housing properties, student accommodation and other hospitality assets.
S$3.3 B
Market cap
S$8.7 B
FUM
24%
CLI's effective stake
CapitaLand China Trust (CLCT) is the largest China-focused multi-asset S-REIT. It invests in income-producing real estate-related assets in China including retail, business parks and logistics parks.
S$1.2 B
Market cap
S$4.3 B
FUM
25%
CLI's effective stake
CapitaLand India Trust (CLINT) is the first Indian property trust in Asia and the largest India-focused property trust in Singapore. It invests in income-producing real estate assets and development projects in India including IT business parks, industrial properties, logistics parks and data centres.
S$1.4 B
Market cap
S$5.2 B
FUM
25%
CLI's effective stake
CapitaLand Malaysia Trust (CLMT) is a diversified M-REIT listed on Bursa Malaysia. It invests in income-producing real estate assets across Malaysia including retail, logistics and industrial properties.
MYR1.9 B
Market cap
S$1.7 B
FUM
40%
CLI's effective stake
Japan Hotel REIT (JHR) is the second largest hospitality J-REIT that invests in highly competitive hotels including full-service hotels and resort hotels.1
JPY387.9 B
Market cap2
S$5.5 B
FUM2
0.03%
CLI's effective stake
CapitaLand Commercial C-REIT (CLCR) is the first international-sponsored retail C-REIT in China. It invests in high-quality income-producing retail assets in top-tier cities.
RMB2.7 B
Market cap3
RMB2.6 B
FUM
20%
Effective stake4
Above figures are as at 13 August 2025.
1CLI holds a stake in the independently managed JHR through SC Capital Partners Group, the sponsor of JHR.
2JHR figures are as at 31 December 2024. JHR announces its financial results on a half-yearly basis.
3Based on opening price of RMB6.84 per unit as at 29 September 2025.
4Jointly held by CLI, CLCT and CapitaLand Development.
Funan, Singapore (CICT)
CapitaMall Xizhimen, Beijing, China (CLCT)
DHL Indianapolis Logistics Center, USA (CLAR)
International Tech Park Bangalore, India (CLINT)
Citadines on Bourke, Melbourne, Australia (CLAS)
Gurney Plaza, Penang, Malaysia (CLMT)