The earnings call presented a positive outlook with strong financial performance, strategic acquisitions, and effective asset management, although there were some challenges such as slight revenue decline and flat tenant sales excluding ION.

Company Guidance

In the recent CICT briefing, the company provided detailed guidance for the first half of 2025, highlighting a gross revenue of $787.6 million, representing a slight year-on-year decline of 0.5%, largely attributed to the divestment of 21 Collyer Quay. On a like-for-like basis, excluding this divestment, gross revenue grew by 1.4%, and net property income (NPI) rose by 1.7%. Distributable income climbed 12.4% to a record $411.9 million, with a first half distribution per unit (DPU) increase of 3.5% to $0.0562. The company's proactive capital management saw aggregate leverage improve to 37.9%, and the average cost of debt decreased to 3.4%. Operationally, CICT maintained a robust portfolio with an overall occupancy rate of 96.3% and a weighted average lease expiry (WALE) of 3.2 years. The company also noted positive rent reversions of 4.8% for office and 7.7% for retail portfolios, with suburban malls achieving 8.8% and downtown malls 6.9%. Tenant sales per square foot increased 17.9%, influenced by the inclusion of ION Orchard, with shopper traffic up by about 3.4%. Additionally, CICT discussed its strategic acquisition of the remaining 55% interest in CapitaSpring, emphasizing the strategic alignment with its core market in Singapore and the expected DPU accretion of 1.1% on a pro forma basis for the first half of 2025. The acquisition, valued at $1.9 billion, is set to enhance the quality and resilience of CICT's portfolio, with an entry yield of approximately 4.2%.

Record Distributable Income

Distributable income rose 12.4% year-on-year to a record $411.9 million for the first half of 2025.

DPU Increase

First half DPU increased 3.5% to a new high of $0.0562 despite an enlarged unit base, due to effective financial management and lower interest expenses.

Improved Financial Metrics

Aggregate leverage improved to 37.9%, down 0.6 percentage points from end 2024, and the average cost of debt declined to 3.4% from 3.6%.

Successful Asset Enhancements

AEIs at Gallileo and IMM Building are progressing well, with Gallileo reaching 97.7% committed occupancy and IMM's Phase 3 post-AEI occupancy at about 98.6%.

Proposed Acquisition of CapitaSpring

CICT announced the acquisition of the remaining 55% interest in CapitaSpring, with the entry yield at approximately 4.2% based on the first half 2025 NPI.

Tenant Confidence and Occupancy Rates

Overall occupancy stood at 96.3%, with tenant retention rates remaining high and rent reversion for the office portfolio at 4.8% and retail portfolio at 7.7%.

CapitaLand Mall (CPAMF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CPAMF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	- / -	0.042	―	―	―
Aug 04, 2025	2025 (Q2)	- / 0.04	0.042	1.85% (<+0.01)	―	―
Feb 05, 2025	2024 (Q4)	- / 0.06	0.055	14.08% (<+0.01)	―	―
Nov 05, 2024	2024 (Q3)	- / -	0.045	―	―	―
Aug 13, 2024	2024 (Q2)	- / 0.04	0.045	-6.90% (>-0.01)	―	―
Apr 25, 2024	2024 (Q1)	- / -	0.037	―	―	―
Feb 05, 2024	2023 (Q4)	0.04 / 0.06	0.036	54.35% (+0.02)	―	―
Oct 26, 2023	2023 (Q3)	- / -	0.039	―	―	―
Jul 31, 2023	2023 (Q2)	0.04 / 0.05	0.039	16.00% (<+0.01)	―	―
Apr 21, 2023	2023 (Q1)	- / -	0.086	―	―	―

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

CPAMF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 04, 2025	$1.65	$1.65	0.00%
Feb 05, 2025	$1.36	$1.37	+0.74%
Nov 05, 2024	$1.49	$1.46	-2.01%
Aug 13, 2024	$1.46	$1.46	0.00%

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.

FAQ

When does CapitaLand Mall Trust (CPAMF) report earnings?

CapitaLand Mall Trust (CPAMF) is schdueled to report earning on Oct 23, 2025, TBA (Confirmed).

What is CapitaLand Mall Trust (CPAMF) earnings time?

CapitaLand Mall Trust (CPAMF) earnings time is at Oct 23, 2025, TBA (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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