- City Developments reported 1H25 PATMI of S$91.2mil, up 3.9% y-o-y, weighed down by S$63.1mil in net FX losses from US$ depreciation. Excluding foreign exchange gain/ loss, PATMI would have surged 322.7% y-o-y to S$154.3mil.
Revenue grew 8.0% y-o-y to S$1.69bn in 1H25.
- - Read this at SGinvestors.io -
- Investment property revenue was stable (+0.4% y-o-y), supported by Republic Plaza, Jungceylon Shopping Center, and the UK and Japan living sector assets.
- - Read this at SGinvestors.io -
- Hotel operations were impacted by FX losses, inflationary pressures, weaker trading in Singapore and the US, leading to a pre-tax segment loss of S$84.4mil.
- A special interim dividend of 3.0 cents per share was declared.
Capital recycling remained a core driver.
- Read more at SGinvestors.io.
Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.
Tabitha FOO NA DBS Group Research | Derek TAN DBS Group Research | https://www.dbs.com/insightsdirect/ 2025-08-14
Read also DBS's most recent report:
2026-05-28 City Developments - Unlocking Value From The Hidden Empire.
Previous report by DBS:
2026-05-19 City Developments - Experienced Steward Returns to CDL.
Price targets by 2 other brokers at City Developments Target Prices.
Listing of research reports at City Developments Analyst Reports.
Relevant links:
City Developments Share Price History,
City Developments Announcements,
City Developments Dividend Payout Dates & Corporate Actions,
City Developments News
