Central Pattana reports Q3/2024 strong performance, total earnings of Baht 12.28 bn, net profit of Baht 4.12 bn

• Advancing the plan with continuous project launches: Opening "Market Place Theprak" in January 2025, featuring a "community mall" with a new model "urban fresh market".
• Q3/2024: Opening the first "Hilton Garden Inn" hotel in Rayong, one of Thailand's popular destinations, along with the ESCENT HATYAI II and ESCENT PHUKET condominium projects in prime locations near shopping centers.
• Demonstrating excellence in all aspects by winning 12 awards from ‘Institutional Investor’s 2024 Asia (ex-Japan) Executive Team – Rest of Asia’, three major awards from the IAA Awards for Listed Companies 2024, Outstanding Investor Relations and Commended Sustainability awards from the SET Awards 2024: and CALO Awards.
• Highlighting reputation as the global destination for the best holiday season nationwide.

Bangkok: Central Pattana plc has reported its performance for the third quarter of 2024, with total earnings of Baht 12.28 bn and a net profit of Baht 4.12 bn, and announced its partnership with Hilton to launch the new hotel, the ‘Hilton Garden Inn Rayong’ to further strengthen Central Pattana’s hotel portfolio – the highlight being its connection to Central Rayong shopping center, targeting tourists and business visitors to Rayong. Central Pattana is also launching several new condominium projects: ESCENT HATYAI II, with complete facilities for convenience, located in high potential location at Central Hatyai; and ESCENT PHUKET, fully furnished units in the heart of Phuket, close to abundant amenities that meet all lifestyle needs. Central Pattana is moving forward to further spur Thailand’s economy and tourism in the fourth quarter by ensuring that Central shopping centers become sustainable popular global destinations for happy celebrations.

Ms. Naparat Sriwanvit, Chief Financial Officer and Senior Executive Vice President, Finance, Accounting and Risk Management for Central Pattana plc, said: “The company's performance remains strong due to private sector consumption and the recovery of tourism as well as our strong mixed-use development. As a result, our total earnings in the third quarter were Baht 12.28 bn and a net profit of Baht 4.12 bn. This success was due to increased leasable space and occupancy rates in three shopping centers: Central Westville, Nakhon Sawan, and Nakhon Pathom, as well as higher tenant revenue in these centers and improved hotel business performance.”

In the third quarter, Central Pattana’s new projects have opened according to schedule, including the Hilton Garden Inn Rayong, located next to Central Rayong shopping center, which opened in August. The Hilton Garden Inn Rayong is located in the heart of Rayong city and is close to several popular tourist beaches, Ban Phe Market and Koh Samet, allowing guests to travel to various tourist attractions conveniently. The hotel is designed to meet the needs of both business and leisure travelers, with modern rooms and complete facilities. In September, Central Pattana opened two new condominium projects: ESCENT HATYAI II, a luxury condominium with complete facilities, which has been meticulously designed to support every use, allowing for full relaxation and for residents to enjoy their favorite activities, with a large common area in a prime location in the heart of the Central Hatyai project; and ESCENT PHUKET, fully furnished condo units in the heart of Phuket close to copious amenities that meet all lifestyle needs. In addition, Central Pattana is continuing with its business plan and is preparing to launch a new project: ‘Market Place Theprak’ under the model concept of community mall combined with an urban fresh market, located in the heart of the Theprak-Watcharapol, northern Bangkok. In January 2025, we will welcome everyone to the grand Chinese New Year celebrations and help to stimulate the Thai economy and tourism during the fourth quarter as well as ensuring that Central shopping centers become sustainable global destinations for the happy celebrations in the year-end campaign: ‘The World’s Great Celebration 2025’.

Central Pattana is highlighting its reputation as Thailand’s No. 1 real estate developer, guaranteed by awards in many aspects.

• Investor Relations – Central Pattana has won 12 awards in the ‘Institutional Investor’s 2024 Asia (ex-Japan) Executive Team – Rest of Asia’ and ‘Most Honored Companies: 2024 Asia Pacific (ex-Japan) Executive Team – Rest of Asia’, the award that grated to the 45 top-performing companies in Asia. Additionally, the company won three major awards at the ‘IAA Awards for Listed Companies 2024’ in the real estate development sector (Outstanding CEO, Best CFO, and Best IR), as well as the ‘Outstanding Investor Relations’ award at the SET Awards 2024 in the Business Excellence category for the fourth time.
• Sustainability – Central Pattana is certified as Climate Action Leading Organization (CALO) 2024 Excellent Level and received a ‘Commended Sustainability’ award from the SET Awards 2024.

As of Q3/2024, Central Pattana operates a total of 42 shopping centers (40 Central shopping centers – 16 in Bangkok and perimeter, 23 in provincial Thailand, one in Malaysia, one Esplanade and one Mega Bangna), and 15 community malls with a combined net leasable area of 2.3 mn sqm. In addition, Central Pattana operates 37 food courts, 10 office buildings, 10 hotels and 39 residential projects, which consist of condominiums under the brands: ESCENT, ESCENT VILLE, ESCENT PARK VILLE, PHYLL and BELLE GRAND RAMA 9 and housing projects under the brands: ESCENT TOWN (townhomes), ESCENT AVENUE (home-offices), NINYA (semi-detached houses), NIYAM (luxury single detached houses) and various housing projects under the brands NIRATI and BAAN NIRADA.

For more details, please click https://www.centralpattana.co.th/en/shopping/shopping-update/lifestyle-activities