Central Pattana (CPN) Stock Price, Fundamentals & Analysis

What CPN does

Central Pattana (CPN) is a stock listed on the Stock Exchange of Thailand in the Real Estate sector (Real Estate - Diversified industry). The company develops and manages real estate properties in Thailand, including shopping malls, office buildings, hotels, and residential projects for lease. It also provides utility services in shopping centers, property management consulting, corporate and food center services, operates play lands and water theme parks in shopping centers, and manages a real estate investment trust. Central Pattana was founded in 1980 and is headquartered in Bangkok, Thailand. It is part of the SET50, a main index of the Thai stock market.

Key numbers explained

• 63 THB is the latest price for one share of Central Pattana.
• The trailing P/E ratio of 14.1 shows how much investors pay per baht of the company's last 12 months of earnings; a lower number can suggest a cheaper valuation relative to earnings.
• The forward P/E ratio of 13.4 uses expected future earnings and is often compared with the trailing P/E to see whether the market expects growth or decline.
• The dividend yield of 3.81% tells you the annual dividend payment as a percentage of the current share price, a common way to compare income from stocks.
• 4.47 THB is the earnings per share over the trailing 12 months, a basic measure of how much profit the company generates per share.
• The beta of 0.49 suggests the stock tends to move less than the overall market, which is typical for large real estate companies.
• 54% of earnings paid out as dividends shows the share of profit returned to shareholders, while the rest is kept for reinvestment.
• The price-to-book ratio of 2.6 compares the share price with the company's book value per share, a way to see whether the market values the company above or below its accounting net assets.

What to watch

Investors in Central Pattana often monitor the Thai real estate cycle, interest rate changes, and consumer spending trends, since these can affect shopping mall occupancy and rental income. The company's mix of retail, office, hotel, and residential assets means it can be sensitive to shifts in tourism and business activity. Regulatory changes in property development and REIT rules in Thailand are also relevant. Comparing Central Pattana with peers such as Land and Houses (LH) or WHA Corporation (WHA) can help frame its position within the Thai market. For broader context, investors sometimes look at international REITs like Federal Realty Investment Trust (FRT), Regency Centers (REG), Vicinity Centres (VCX), and Charter Hall Long WALE REIT (CLW), or at the Turkish REIT Emlak Konut Gayrimenkul Yatirim Ortakligi A.S. (EKGYO) to understand how different markets treat real estate valuations and yields.