Central Pattana revenue rises 2% in Q3

Business General Central Pattana revenue rises 2% in Q3 PUBLISHED : 10 Nov 2026 at 07:03 NEWSPAPER SECTION: Business Listen Small Medium Large Share Facebook Reddit Copy Link Central Pattana Plc (CPN) reported total revenue of 13.4 billion baht for the third quarter of 2026, up 2% quarter-on-quarter, and net profit of 4.9 billion baht, a 4% quarter-on-quarter increase. Chanawat Uahwatanasakul, president and chief executive of CPN, said the retail-led mixed-use ecosystem strategy, with shopping centres at its core, is a key growth driver that connects and strengthens the company's businesses to create long-term synergies. In 2027, the company plans to launch two major megaprojects: The Central, which will transform the Ladprao-Phahonyothin area into The Central District, and Central Central, a global hub for youth culture and a vibrant gathering place for the next generation at Siam Square. Naparat Sriwanvit, chief financial officer and president of finance, accounting, hotel and office businesses at CPN, said third-quarter performance underscored the strength of the company's core business, which achieved record-high revenue for the fifth consecutive quarter. This success was driven by new projects and continued growth across existing shopping centres. The company maintained consistent growth in its gross profit margin through effective cost management and ongoing improvements in operational efficiency. CPN continues to maintain a strong financial position, with a steadily declining net debt-to-equity ratio despite ongoing investments and business expansion. This reflects its strong financial discipline and readiness to support stable, sustainable long-term growth. CPN's shopping centre business continues to achieve record-high revenue, driven by the success of new developments, including Central Park, Central Krabi, Central Khonkaen Campus and Central Northville, alongside sustained growth across existing shopping centres. This has contributed to higher occupancy rates, increased foot traffic and tenant sales, supported by strategic tenant mix optimisation and marketing activities that meet evolving consumer needs. The company is expanding its integrated portfolio with the opening of two GO! Hotels in Chiang Rai and Chiang Mai, with further developments planned in Ayutthaya and Nakhon Pathom. By the end of the third quarter, Central Pattana operated a total of 45 malls, including 43 Central shopping centres -- 17 in Greater Bangkok, 25 in other provinces and one in Malaysia -- in addition to Esplanade and Mega Bangna, as well as 16 community malls. The company's total net leasable area stood at 2.4 million square metres. The company also operated 11 office buildings, 15 hotels, and 52 residential projects. KEYWORDS Central pattana Cpn q3 revenue Thailand retail sector Bangkok commercial real estate Central shopping centres Mixed-use development Chanawat uahwatanasakul COMMENT