CapitaLand Investment Full Year 2024 Earnings: Misses Expectations

CapitaLand Investment (SGX:9CI) Full Year 2024 Results

Key Financial Results

• Revenue: S$2.82b (up 1.1% from FY 2023).
• Net income: S$479.0m (up 165% from FY 2023).
• Profit margin: 17% (up from 6.5% in FY 2023). The increase in margin was primarily driven by lower expenses.
• EPS: S$0.095 (up from S$0.035 in FY 2023).

We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

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 3.3% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with CapitaLand Investment , and understanding this should be part of your investment process.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.