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CapitaLand Mall (CPAMF)
OTHER OTC:CPAMF
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.05Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: -4.49%
|Next Earnings Date:Jul 20, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted a resilient first quarter with robust performance in the office and hotel segments and significant cost savings. However, challenges remain in the German office market and downtown tenant sales. The sentiment leans towards a positive outlook despite macroeconomic uncertainties.Company Guidance
During the earnings call for the first quarter of 2024, CICT reported a resilient performance with several key metrics indicating growth and stability. The net property income (NPI) increased by 6.3%, and rental reversions were relatively healthy for both retail and office spaces. The office segment performed particularly well, surpassing expectations. The cost management efforts led to an improvement in net profit margins by close to 2 percentage points compared to the first quarter of 2023, aided by lower utilities costs due to decreased electricity tariffs. The occupancy rate for CapitaGreen faced a transitional vacancy as a tenant moved out, yet efforts are underway to backfill the space. CICT also noted a healthy jump in Revenue Per Available Room (RevPAR) for the hotel segment, with variable rents showing improvement from both the previous quarter and year-on-year. Looking forward, the company anticipates maintaining a high single-digit rental reversion rate for both office and retail spaces throughout the year, despite potential uncertainties in the macroeconomic environment.Resilient First Quarter Performance
The first quarter showed resilient performance with a 6.3% increase in net property income and healthy rental reversion for both retail and office segments.
Strong Office Segment Performance
Office rental reversion came in stronger than expected, with positive reversions expected for vacated spaces. The demand was driven by both renewals and new setups.
Hotel Segment Recovery
The hotel segment showed strong performance, with occupancy surpassing pre-COVID levels and a healthy increase in RevPAR.
Positive Retail Rental Reversions
Retail rental reversions are expected to reach high single digits, leveraging on strong demand in suburban areas.
Significant Cost Savings
Cost savings were achieved through lower utilities and consultancy expenses, with NP margins increasing by close to 2 points compared to Q1 2023.
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CPAMF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CPAMF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $1.56 | $1.54 | -1.28% |
| Aug 13, 2024 | $1.53 | $1.53 | 0.00% |
| Apr 25, 2024 | $1.44 | $1.39 | -3.47% |
| Feb 05, 2024 | $1.35 | $1.37 | +1.48% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does CapitaLand Mall (CPAMF) report earnings?
CapitaLand Mall (CPAMF) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is CapitaLand Mall (CPAMF) earnings time?
CapitaLand Mall (CPAMF) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CPAMF EPS forecast?
Currently, no data Available
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