1. Singapore Stocks

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    Real Estate

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    Real Estate - Development
City Developments Limited

City Developments Limited

CDEVF
City Developments LimitedUS flagOther OTC
6.75
USD
- -
- -
6.03BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
3.53
4.14
3.63
4.3
4.21
4.65
3.78
2.32
2.9
3.63
5.45
- -
4.02
3.78
Basic EPS, GAAP
0.74
0.83
0.84
0.7
0.56
0.6
0.61
-2.13
0.08
1.4
0.34
- -
0.69
0.62
Free Cash Flow per Basic Share
0.47
-0.6
-0.17
1.07
1.08
-0.88
0.68
-0.69
1.09
-0.27
0.74
- -
-2.26
0.68
Dividend per Share
0.35
0.3
0.3
0.26
0.27
0.31
0.3
0.21
0.19
0.25
0.23
- -
0.16
0.3
Book Value per Share
8.83
2.19
2.19
2.19
2.19
2.19
1.83
2.2
9.05
10.13
10.26
- -
11.06
1.83
Tangible Book Value per Share
11.23
11.85
12.32
12.34
12.81
13.51
12.06
9.83
10.27
10.54
10.52
- -
11.48
12.06
Basic Weighted Avg Shares
909
909
909
909
909
909
907
907
907
907
907
- -
893
907
Sales/Revenue/Turnover
3,213
3,764
3,304
3,905
3,829
4,223
3,429
2,108
2,626
3,293
4,941
3,271
3,587
3,429
Operating Margin (%)
23.94
18.17
18.95
19.17
17.96
20.34
13.96
-19.53
8.65
5.39
13.36
12.65
8.18
13.96
Depreciation Expense
188
200
215
222
215
219
276
287
285
276
254
277
290
276
Net Income, GAAP
686
770
773
653
522
557
565
-1,917
85
1,285
317
201
630
565
Effective Tax Rate (%)
7.34
9.47
12.11
16.57
13.88
24.53
18.66
- -
40.92
29.22
26.19
43.33
17.61
18.66
Profit Margin (%)
21.36
20.45
23.41
16.73
13.64
13.2
16.47
-90.94
3.23
39.03
6.42
6.15
17.55
16.47
Working Capital
6,292
6,372
7,056
6,303
6,071
5,995
6,057
5,768
2,860
5,662
4,389
3,668
6,113
6,057
LT Debt
4,401
4,466
4,572
3,955
3,756
5,069
7,863
8,994
6,198
7,988
8,362
9,354
10,841
7,863
Total Equity
10,216
10,776
11,213
11,221
11,646
12,274
11,267
9,242
9,319
9,565
9,539
9,309
10,260
11,267
Return on Invested Capital (%)
4.81
3.71
3.09
3.55
3.46
3.61
1.93
- -
0.63
0.61
2.31
1.03
1.01
1.93
Return on Capital (%)
4.72
5.45
7.16
6.2
5.11
5.56
5.73
- -
0.84
7.05
2.93
2.2
4.15
5.73
Return on Common Equity (%)
13.44
15.11
38.19
32.15
25.57
27.34
30.21
-105.69
1.41
14.63
3.3
2.04
6.44
30.91

Capital Structure

FRC

•

in mil. unless spec.
Jun'19
Sep'19
Dec'19
ST Debt
2,002
1,568
2,056
LT Borrowings
6,500
6,646
7,673
LT Finance Leases
181
179
189
Preferred Equity and Hybrid Capital
- -
- -
330
Shares Outstanding
907
907
907
Market Capitalization
6,651
- -
8,578

Working Capital

FRC

•

in mil. unless spec.
Jun'19
Sep'19
Dec'19
Total Current Assets
10,234
9,922
9,834
Cash, Cash Equivalents & STI
2,982
2,750
3,360
Accounts Receivable, Net
1,618
1,559
187
Inventories
5,528
5,435
5,172
Total Current Liabilities
3,784
3,415
3,777
Payables & Accruals
- -
- -
- -
ST Debt
2,002
1,568
2,056
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.59%
2.2%
10.22%
Free Cash Flow
-242.82%
-224.39%
-371.76%
Net Income, GAAP
94.66%
282.75%
212.78%
Sales/Revenue/Turnover
4.51%
15.17%
9.66%
Total Cash Common Dividend
-4.36%
-2.9%
12.27%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
4,941
2024
- -
- -
- -
- -
3,271
2025
- -
- -
- -
- -
3,587

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.34
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.69

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
0.23
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
0.16

Company Description

APIChat
CEO
Eik Tse Kwek
Full Time Employees
8,354
Sector
Real Estate
Industry
Real Estate - Development
Address
9 Raffles Place Singapore Singapore 048619
IPO Date
Jan 8, 2021
Website
cdl.com.sg
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Business
City Developments Limited City Developments Limited (CDEVF) is a Singapore-based global real estate operating company focused on property development, investment, and management. Founded in 1963 and headquartered in Singapore, the Group develops and owns a diversified portfolio comprising residential properties, offices, hotels, serviced apartments, student accommodation, retail malls, and integrated developments across approximately 163 locations in 29 countries and regions. Through its London-listed subsidiary Millennium & Copthorne Hotels Limited, it operates over 155 hotels worldwide, primarily in key gateway cities; notable projects include City Square Mall, Katong Shopping Centre, Tanglin Shopping Centre, and ongoing developments such as the redevelopment of Liang Court, Piccadilly Grand, The Orie, Norwood Grand, and Copen Grand executive condominium. The Group targets a broad customer base including homeowners, commercial tenants, hotel guests, and institutional investors, with significant operations in Singapore, the United Kingdom, China, Australia, and Japan. In recent developments, City Developments Limited reports robust sales performance, with 990 units sold totaling S$2.5 billion in sales value for the nine months ended 30 September 2025, driven by strong take-up at projects like The Orie (94% sold); first-half 2025 profit attributable to owners rose 3.9% to S$91.2 million on improved property development results. The company pursues aggressive capital recycling, achieving over S$1.8 billion in contracted divestments year-to-date in 2025, including the sale of its 50.1% stake in the South Beach mixed-use development to IOI Properties Group Berhad for S$834.2 million (completed September 2025), Piccadilly Galleria for S$65.46 million (November 2025), and the proposed divestment of Bespoke Hotel Osaka Shinsaibashi to Blackstone-managed funds for JPY 14 billion (expected December 2025). It bolsters its development pipeline through strategic land acquisitions, such as the Lakeside Drive site in Jurong, and two executive condominium sites at Woodlands Drive 17 and Senja Close in August 2025.

Company News

APIChat

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    City Developments: A Real Estate Powerhouse Under The Radar