FAQ

  • CPN Stock Information
  • CPN Business Information
  • CPNRF Information
  • CPNCG Information
  • On what stock exchange is CPN traded and what is the stock symbol?
  • CPN stock is traded on the Stock Exchange of Thailand (SET) since March 1995 and the symbol is "CPN".
  • How many shares outstanding?
  • There are 4,488,000,000 shares outstanding. For more information regarding CPN shares, please visit "Stock Info" on the Investor Relation menu.
  • What is the percentage of free float?
  • Approximately 47%
  • Who are the major shareholders?
  • Chirathivat family directly and indirectly through Central Group holds about 53%.
  • What is CPN's dividend policy and what are historical payment and payment dates?
  • For more information regarding Dividend Information, please visit "Dividend Info" on the Investor Relation menu.
  • How many properties does CPN own?
  • Currently, CPN manages 30 shopping centers, 26 food courts, 7 office towers, and 1 residential property and owns 2 hotel properties but outsources their management.

    However, 4 shopping centers and 2 office towers were sold to property funds under the name CPNRF (CPN Retail Growth Leasehold Property Fund) in which CPN holds approximately 27% and 1 office tower were sold to CPNCG (CPN Commercial Growth Leasehold Property Fund) in which CPN holds 25%. Both funds are listed in the Stock Exchange of Thailand. CPN still acts as the property manager of those assets divested to the property funds.
  • How much leasable space is under CPN's management?
  • CPN manages approximately 1.6 million sqm of retail space, 170,000 sqm of office space, 561 hotels’ rooms, and 11 units of residential. For more information regarding each property, please visit "Properties" on the main menu.
  • What is the average occupancy of CPN's portfolio?
  • The average occupancy rate for retail malls approximately 93%. Average occupancy rate for CPN’s offices stands over 96%.
  • What types of rental contracts does CPN have for its shopping center tenants?
  • CPN has 2 different rental contracts for its tenants: Short term rental contracts and Long term lease contracts. Short term rental contracts currently make up over 83% of CPN's leasable area. Short term contracts range from 1-3 year period and is in the form of a fixed rate rent or consignment (percentage of sales) with a minimum guarantee. Long term lease contracts make up about 17% of leasable area. The lease period has a maximum tenor of 20 years. CPN collects an upfront payment from the tenant however recognizes revenue throughout contract period on a straight-line basis.
  • What is CPN's growth strategy?
    • Develop high quality shopping centers across Thailand retail real estate spectrum
    • Acquire high quality properties within Thailand
    • Enhance profitability of our existing portfolio
    • Retain and extend shopping customers
    • Develop new retail tenants
  • What are the brands from which CPN operates?
  • CPN currently operates 3 brands:
    • CentralWorld
    • CentralPlaza
    • CentralFestival

    For more information, please visit "Brands" on the About CPN menu.

  • What projects does CPN have in its pipeline?
  • Under its 5-year plan (2017-2021), CPN aims to increase its revenues at a compound annual growth rate (CAGR) of 14-15% per annum through 2-3 new projects a year, asset enhancement to add value to existing malls, regular rental increase, and operational improvement.

    In light of Thailand’s urbanization, CPN will expand its business in Bangkok & vicinities, as well as the provinces. CPN, moreover, looks out for opportunities to offer new formats and concept of retail business including innovative designs and decorations to reinforce its eye-catching appearances, which would provide fresh and unique experiences that can respond to local customers and foreign visitors’ changing lifestyles.

    In addition, CPN has conducted additional studies on opportunities for investments in Southeast Asia, focusing on countries with good investments and growth potential i.e. Malaysia, Vietnam, and Indonesia, with an aim to ensure future growth of business with stability and sustainability.

    Retail Property Development

    Domestic Expansion
    Currently, CPN’s three new projects are under construction, namely CentralPlaza Nakhon Ratchasima (northeast), CentralPlaza Mahachai (Suburban BKK), and CentralPhuket (south), which are scheduled to open in 2017. Additionally, there are four existing projects under renovation, namely CentralWorld, CentralFestival Phuket, CentralPlaza Chiangmai Airport, and CentralPlaza Rama 2. CentralPlaza Rama 3 is planned to start renovation in 2Q17. In 2017, additional NLA of around 0.16 mn sqm will make up to total NLA of 1.76 mn sqm.

    Overseas Expansion
    At this stage, CPN has participated in Malaysia’s Central i-City project as its pioneering shopping complex abroad, since CPN envisions retail commerce there to be blessed with opportunities and growth potential. This project is developed by the joint venture, in which CPN through subsidiaries holds a sixty-percent (60%) stake and I-R&D Sdn. Bhd. (“IRD”), an I-Berhad wholly-owned subsidiary, holds a forty-percent (40%) stake. The investment was a RM 830 mn (or approximately THB 8,300 mn). This project is under construction and scheduled to launch in 2018. CPN has secured key anchor tenants including department store, supermarket, and cinema. Retail tenants are now under negotiation.

    Residential Property Development
    Recognizing the potential of mixed-use development of shopping complex projects, CPN plans to utilize existing vacant land plots next to existing shopping malls that is still available for other related businesses development including residential projects. This will be an optimal support of its core shopping-complex business as well as value added to the company.

    Presently, three condominiums, adjacent to the Chiangmai, Khonkaen, and

    Rayong shopping mall, are under construction and expected to be completed in 1H18. Presales have started since January 2016 and CPN achieved 100% take-up for all three projects at the end of October 2016.

    CPN plans to launch about three new residential projects per year. Revenue from residential projects will contribute to CPN top-line approximately 5-7% from 2018.
  • What is CPNRF?
  • CPNRF or CPN Retail Growth Leasehold Property Fund is a property fund listed on the Stock Exchange of Thailand since 2005. It owns four shopping centers including CentralPlaza Rama 2, CentralPlaza Rama 3, CentralPlaza Pinklao, and CentralPlaza Chiangmai Airport, together with two office towers including Pinklao Tower A and Pinklao Tower B.
  • What Percentage holding does CPN have in CPNRF property fund?
  • CPN has approximately 27% holding in the fund.
  • Who are the managers of the Fund?
    • CPN is the property manager.
    • SCB Asset Management Company Limited (SCBAM) is the fund manager.
  • What Fees does CPN receive from CPNRF?
    • Property management fee: At the rate not exceeding 3% of the net rental and service income.
    • Leasing commission: 0.5 - 1.5 months based on rental rate of particular tenants and depending on leasing type and term.
    • Base fee: At the rate not exceeding 0.30% of net asset value of the fund calculated as at the last business day of each month.
    • Incentive fee: At the rate of not exceeding 2.35% of the net property income.
    • Purchase and sale of property: At the rate of 1.50% of the asset's acquisition value and 0.75% of asset's disposal value.
  • How can I find out more information on CPNRF?
  • Please visit: http://www.cpnrf.com or please contact:
    Fund Manager
    SCBAsset Management Company Limited
    Phone : +66 (0) 2777 7777 press 0, and press 6
    Fax : +66 (0) 2949 1505
    Website : www.scbam.com
    Email : customerservice.scbam@scb.co.th

    Property Manager
    Central Pattana Public Company Limited
    Phone : +66 (0) 2667 5555 Ext. 1614, 1688
    Fax : +66 (0) 2264 5593
    Website : www.cpn.co.th
    Email : ir@cpn.co.th
  • What is CPNCG?
  • CPNCG or CPN Commercial Growth Leasehold Property Fund is a property fund listed on the Stock Exchange of Thailand since 2012. It owns a grade A office tower named The Offices at CentralWorld located in CBD area in Bangkok.
  • What Percentage holding does CPN have in CPNCG property fund?
  • CPN has approximately 25% holding in the fund.
  • Who are the managers of the Fund?
    • CPN is the property manager.
    • SCB Asset Management Company Limited (SCBAM) is the fund manager.
  • What Fees does CPN receive from CPNCG?
    • Property management fee: At the rate not exceeding 2% of the net rental and service income.
    • Leasing commission: 0.5 - 1.5 months based on rental rate of particular tenants and depending on leasing type and term.
    • Base fee: At the rate not exceeding 0.23% of net asset value of the fund calculated as at the last business day of each month.
    • Incentive fee: At the rate of not exceeding 2% of the net property income.
    • Purchase and sale of property: At the rate of 1.50% of the asset's acquisition value and 0.75% of asset's disposal value.
    • Development fee: At the rate of 2% of the development cost
  • How can I find out more information on CPNCG?
  • Please visit: http://www.cpncg.com or please contact:
    Fund Manager
    SCBAsset Management Company Limited
    Phone : +66 (0) 2777 7777 press 0, and press 6
    Fax : +66 (0) 2949 1505
    Website : www.scbam.com
    Email : customerservice.scbam@scb.co.th

    Property Manager
    Central Pattana Public Company Limited
    Phone : +66 (0) 2667 5555 Ext. 1614, 1688
    Fax : +66 (0) 2264 5593
    Website : www.cpn.co.th
    Email : ir@cpn.co.th