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    Real Estate - Diversified
Central Pattana Public Company Limited

Central Pattana Public Company Limited

CPNNF
Central Pattana Public Company LimitedUS flagOther OTC
1.56
USD
- -
- -
7.00BMarket 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
4.49
4.97
5.41
6.16
6.41
7.52
8.18
6.21
5.53
7.93
10.16
11.18
11.15
11.31
Basic EPS, GAAP
1.42
1.63
1.76
2.06
3.02
2.5
2.62
2.13
1.59
2.4
3.36
3.73
4.2
4.37
Free Cash Flow per Basic Share
2.15
4.52
2.88
3.11
5.54
2.93
3.09
1.63
1.64
3.4
4.43
7.87
8.22
8.62
Dividend per Share
0.47
0.56
0.65
0.7
0.83
1.4
1.12
0.81
0.7
0.6
1.15
1.82
2.12
2.13
Book Value per Share
6.18
7.19
8.29
9.65
11.84
12.76
14.19
13.58
14.47
16.27
18.48
20.34
22.48
23.62
Tangible Book Value per Share
5.72
6.67
7.83
9.44
11.74
13.16
12.98
16.88
17.95
19.61
22.06
24.13
25.63
27.42
Basic Weighted Avg Shares
4,438
4,488
4,488
4,488
4,488
4,488
4,488
4,488
4,488
4,488
4,488
4,488
4,488
4,482
Sales/Revenue/Turnover
19,913
22,308
24,283
27,634
28,785
33,728
36,719
27,862
24,840
35,575
45,613
50,184
50,034
50,703
Operating Margin (%)
29.76
31.49
31.37
33.24
31.81
33.06
32.12
26.24
18.69
30.71
35.91
37.53
40.6
40.97
Depreciation Expense
3,684
4,019
4,450
5,123
5,315
5,906
7,117
7,906
8,124
8,550
8,546
9,208
9,204
9,329
Net Income, GAAP
6,293
7,307
7,880
9,244
13,568
11,216
11,738
9,557
7,148
10,760
15,062
16,729
18,841
19,585
Effective Tax Rate (%)
15.88
15.65
15.14
15.28
11.6
15.3
16.52
18.26
19.92
18.61
18.51
17.85
18.61
18.12
Profit Margin (%)
31.6
32.76
32.45
33.45
47.13
33.25
31.97
34.3
28.78
30.25
33.02
33.34
37.66
38.63
Working Capital
-9,959
-7,108
-8,393
-8,347
-1,240
-9,282
-4,697
-6,668
-20,544
-16,790
-28,322
659
-6,957
-8,679
LT Debt
13,788
11,340
17,454
13,197
7,255
19,522
25,164
71,842
95,108
98,523
83,656
103,249
93,150
88,999
Total Equity
36,824
41,748
46,801
53,005
63,880
74,176
80,462
77,123
82,075
89,620
100,582
109,829
119,260
124,192
Return on Invested Capital (%)
9.15
10.29
10.12
11.01
11.13
10.55
8.93
4.19
1.95
4.14
6.01
6.69
6.97
7.04
Return on Capital (%)
14.03
15.79
14.88
15.73
21.7
14.05
12.21
8.23
4.68
6.04
8.02
8.85
9.47
9.69
Return on Common Equity (%)
24.87
24.47
22.69
22.97
28.14
20.32
19.41
15.34
11.36
15.6
19.32
19.2
19.61
19.45

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
20,722
23,529
26,978
LT Borrowings
46,382
41,940
37,132
LT Finance Leases
50,740
51,210
51,867
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4,488
4,488
4,488
Market Capitalization
218,576
220,865
228,335

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
30,328
31,962
33,998
Cash, Cash Equivalents & STI
7,045
8,806
10,469
Accounts Receivable, Net
636
551
869
Inventories
18,833
17,930
18,453
Total Current Liabilities
35,852
38,918
42,676
Payables & Accruals
12,610
12,215
13,155
ST Debt
20,722
23,529
26,978
Deferred Revenue
2,520
3,175
2,543

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.99%
9.12%
8.59%
Free Cash Flow
21.79%
44.17%
4.37%
Net Income, GAAP
12.18%
17.8%
12.63%
Sales/Revenue/Turnover
9.02%
14.06%
-0.3%
Total Cash Common Dividend
18.56%
27.67%
16.52%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11,705
12,876
12,243
13,361
50,184
2025
11,921
11,661
11,915
14,537
50,034
2026
12,590
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.93
1.01
0.92
- -
3.73
2025
0.94
0.96
1.21
- -
4.2
2026
1.11
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
1.8
0.01
- -
1.82
2025
- -
2.12
0.01
- -
2.12
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Wallaya Chirathivat
Full Time Employees
6,141
Sector
Real Estate
Industry
Real Estate - Diversified
Address
CentralWorld Bangkok Thailand 10330
IPO Date
Sep 29, 2022
Website
centralpattana.co.th
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Business
Central Pattana Public Company Limited (CPN.BK), Thailand's largest retail property developer, invests in, develops, and manages a diverse portfolio of real estate assets including premium shopping centers under the Central, CentralPlaza, and CentralFestival brands; office buildings; hotels; residential projects such as low-rise houses (BAAN NIRADA, BAAN NINYA), condominiums (PHYLL, ESCENT), and communities; food courts; and community malls, with operations spanning Thailand and select Southeast Asian markets like Malaysia. Founded in 1980 and headquartered at CentralWorld in Pathum Wan, Bangkok, the company, a key unit of the Central Group, operates 41 shopping centers, 10 office buildings, 9 hotels, and 33 residential projects as of 2023, totaling over 2.3 million square meters of leasable area, and pursues a retail-led mixed-use development model integrating shopping, living, working, and leisure under its "Ecosystem for All" strategy. Recent developments include a 121 billion baht five-year investment plan through 2028 for nationwide mixed-use expansions, launching 13 projects in 2024 such as Central Nakhon Sawan and Central Nakhon Pathom shopping centers alongside residential and hotel additions; plans for nine new residential projects worth 16 billion baht in 2025 targeting Bangkok, tourist hubs like Phuket, Krabi, and Rayong, and high-growth provinces; upcoming mega projects like Central Park and The Central opening in 2025-2026; strong Q2/2025 and Q3/2025 financial performance with revenue growth; and strategic initiatives enhancing global brand partnerships and Thai ecosystem collaborations.