City Developments Limited

City Developments Limited

4.92
EUR
-0.04
(-0.81%)
4.90BMarket Cap
Feb 25Next Earn
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
3.65
4.02
- -
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
0.21
0.69
- -
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
0.83
-2.26
- -
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
0.14
0.16
0.31
Book Value per Share
8.5
9.25
9.89
10.02
10.33
11.07
11.24
9.01
9.26
10.16
10.12
10.17
10.74
11.66
Tangible Book Value per Share
8.5
9.24
9.89
10.01
10.33
11.07
11.23
9.01
9.26
10.16
10.12
10.17
10.73
11.66
Basic Weighted Avg Shares
909
909
909
909
909
909
907
907
907
907
907
897
893
748
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
- -
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
- -
Depreciation Expense
188
200
215
222
215
219
276
287
285
276
254
277
290
- -
Net Income, GAAP
686
770
773
653
522
557
565
-1,917
85
1,285
317
201
630
- -
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
- -
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
- -
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
6,152
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
8,841
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
11,291
Return on Invested Capital (%)
6.06
5.64
4.69
4.38
4.02
3.8
2.63
- -
0.86
6.44
2.86
1.71
3.41
- -
Return on Capital (%)
3.91
4.44
4.42
3.68
2.9
3.12
3.34
- -
0.72
7.02
2.94
2.22
4.2
- -
Return on Common Equity (%)
8.96
9.38
8.74
7.07
5.51
5.6
5.45
-21.02
0.87
14.45
3.32
2.09
6.64
- -

Capital Structure

SGD

•

in mil. unless spec.
Sep'19
Dec'19
Jun'20
ST Debt
1,568
2,056
1,815
LT Borrowings
6,646
7,673
8,655
LT Finance Leases
179
189
186
Preferred Equity and Hybrid Capital
- -
330
- -
Shares Outstanding
907
907
907
Market Capitalization
8,733
9,861
7,667

Working Capital

SGD

•

in mil. unless spec.
Sep'19
Dec'19
Jun'20
Total Current Assets
9,922
9,834
9,593
Cash, Cash Equivalents & STI
2,750
3,360
2,422
Accounts Receivable, Net
1,559
187
999
Inventories
5,435
5,172
5,619
Total Current Liabilities
3,415
3,777
3,441
Payables & Accruals
- -
- -
- -
ST Debt
1,568
2,056
1,815
Deferred Revenue
- -
- -
- -

Growth Rates

SGD

•

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%

Semi-annual Revenue

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
3,271
2025
- -
- -
3,587
2026
- -
- -
- -

Semi-annual Earnings Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.21
2025
- -
- -
0.69
2026
- -
- -
- -

Semi-annual Dividends Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
0.14
2025
- -
- -
0.16
2026
- -
- -
- -

Company Description

CEO
Eik Tse Kwek
Full Time Employees
9,546
Sector
Finance
Industry
Real estate development
Address
9 Raffles Place Singapore CE Singapore 048619
IPO Date
Nov 1, 1963
Website
cdl.com.sg
Business
City Developments Limited (SGX: C09), a leading Singapore-listed global real estate operating company founded in 1963 and headquartered at 9 Raffles Place #12-01 Republic Plaza, Singapore 048619, engages in property development, hotel operations, investment properties, and other ancillary services including shares investments, management consultancy, and laundry provision; its core offerings encompass residential developments such as over 53,000 homes built globally including The Sail @ Marina Bay and Piccadilly Grand, commercial properties like Republic Plaza and Fuji Xerox Towers, retail malls including City Square Mall, Katong Shopping Centre, Palais Renaissance, Tanglin Shopping Centre and Delfi Orchard, integrated developments such as South Beach Tower, King's Centre, Sunshine Plaza, Quayside Isle @ Sentosa Cove and Sengkang Grand Mall, hotels primarily under its wholly-owned subsidiary Millennium & Copthorne Hotels with over 160 properties worldwide featuring brands like Millennium, Copthorne and Kingsgate in key gateway cities, serviced apartments, student accommodation and offices across a portfolio of approximately 23 million square feet of gross floor area in residential-for-lease, commercial and hospitality assets spanning 168 locations in 29 countries and regions including Singapore, United Kingdom, United States, China, Australia, Japan and New Zealand. The company operates through segments focused on developing and selling properties, owning and managing hotels, leasing investment properties and diversifying into fund management for long-term value; it serves individual homebuyers, commercial tenants, hotel guests and institutional investors with a workforce of about 8,354 employees and major shareholders led by the Kwek family at 48.42%. Recent developments include the August 2025 disposal of subsidiary CityInd Pte. Ltd. holding an industrial building for S$92.3 million to streamline assets and reduce borrowings, incorporation of multiple indirect wholly-owned subsidiaries in Singapore such as for investment holding and serviced residences to bolster its development pipeline particularly in Singapore and China, expansion of its UK portfolio via the acquisition of 1NQ a 261-unit private rented sector project in Manchester for £75.6 million (S$125.7 million) with construction underway, forward-funding of Derby DC1 and Verda Park marking its UK entry alongside a £148.6 million 250-year lease acquisition of Yardhouse in central London for a 17-storey apartment block integrated with Women's Pioneer Housing, a June 2025 share sale agreement in its South Beach joint venture with IOI Properties Group Berhad to unlock value and enhance financial flexibility, and a February 2025 boardroom dispute resolution between Chairman Kwek Leng Beng and CEO Sherman Kwek involving director appointments and governance adjustments that led to a temporary share trading suspension but concluded with lawsuit withdrawal and share price recovery of over 3%.

Company News

  • City Developments Limited (CDEVY) Shareholder/Analyst Call Transcript

  • City Developments Limited (CDEVY) Q2 2026 Earnings Call Transcript

  • FRP (NASDAQ:FRPH) & City Developments (OTCMKTS:CDEVY) Head-To-Head Contrast

  • Short Interest in City Developments Ltd. (OTCMKTS:CDEVY) Rises By 42.4%

  • Contrasting City Developments (OTCMKTS:CDEVY) & Kennedy-Wilson (NYSE:KW)

  • City Developments (OTCMKTS:CDEVY) Shares Gap Up – What’s Next?

  • City Developments (OTCMKTS:CDEVY) Trading Up 3.8% – Time to Buy?

  • Newmark Group (NASDAQ:NMRK) vs. City Developments (OTCMKTS:CDEVY) Critical Review

  • City Developments: A Real Estate Powerhouse Under The Radar