In This Article:
CapitaLand Investment (SGX:9CI) Full Year 2024 Results
Key Financial Results
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Revenue: S$2.82b (up 1.1% from FY 2023).
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Net income: S$479.0m (up 165% from FY 2023).
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Profit margin: 17% (up from 6.5% in FY 2023). The increase in margin was primarily driven by lower expenses.
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EPS: S$0.095 (up from S$0.035 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
CapitaLand Investment Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 33%.
The primary driver behind last 12 months revenue was the Real Estate Investment Business segment contributing a total revenue of S$1.86b (66% of total revenue). Notably, cost of sales worth S$1.55b amounted to 55% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to S$536.0m (68% of total expenses). Explore how 9CI's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to decline by 1.8% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Singapore are expected to remain flat.
Performance of the Singaporean Real Estate industry.
The company's shares are down 11% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for CapitaLand Investment you should be aware of.
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