City Development

 

City Developments Limited (CDL) is a leading global real estate company with a network spanning 143 locations in 28 countries and regions.

Leader in real estate

Listed on the Singapore Exchange, the Group is one of the largest companies by market capitalisation. Its income-stable and geographically diverse portfolio comprises residences, offices, hotels, serviced apartments, student accommodation, retail malls and integrated developments.

Global asset portfolio

With a proven track record of 60 years in real estate development, investment and management, the Group has developed over 50,000 homes and owns around 21 million square feet of gross floor area in residential for lease, commercial and hospitality assets globally.

Global hotel chain

Along with its wholly-owned hotel subsidiary, Millennium & Copthorne Hotels Limited (M&C), the Group has over 150 hotels worldwide, many in key gateway cities.

Sustainability in asset base

Leveraging its deep expertise in developing and managing a diversified asset base, the Group is focused on enhancing the performance of its portfolio and strengthening its recurring income streams to deliver long-term sustainable value to shareholders. The Group is also developing a fund management business to further leverage on its strengths.

NAV 10.16.

Last year total dividend of 0.28. Yield is about 4.17% based on current price of 6.71.

PE 4.7x.

Not a call to buy or sell!

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