CPN Commercial Growth Leasehold Property Fund
CPNCG.BK
Stock Exchange of Thailand6.20
THB
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CPN Commercial Growth Leasehold Property Fund
CPNCG.BK
(Stock Exchange of Thailand)
Recent
price
6.20
P/E
ratio
5.94
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- CPN Commercial Growth Leasehold Property Fund (CPNCG.BK) operates as a closed-end property fund that invests in leasehold rights on land and buildings to generate income from prime commercial real estate; its core asset comprises the leasehold rights to The Offices at CentralWorld, a high-grade office building in Bangkok's central business district, excluding certain retail spaces on the ground floor, third floor, and basement levels B1-B3 which are subleased by Central Pattana Public Company Limited to Thai Business Fund 4 for retail development, along with rights to 1,271 parking spaces, public utility systems, and related equipment. The fund targets institutional and retail investors seeking exposure to office leasing revenues in Thailand's key metropolitan market, primarily serving corporate tenants in finance, professional services, and multinational firms located in Pathumwan, Bangkok. Established on September 13, 2012, and listed on the Stock Exchange of Thailand on September 21, 2012, the fund is managed by SCB Asset Management Co., Ltd., with Central Pattana Public Company Limited as the asset manager, and maintains its headquarters at 7-8th Floor, SCB Park Plaza 1, 18 Ratchadapisek Road, Chatuchak, Bangkok 10900, Thailand. In recent developments, the fund adjusted its par value from 9.71 baht to 9.6756 baht effective March 27, 2025, reflecting ongoing portfolio optimization; it continues regular dividend distributions, including payments of 0.2508 baht per unit in December 2024 and 0.2467 baht per unit in September 2024, underscoring stable income generation amid market conditions.