Property & Construction · Real Estate Development
CT Land Development PLC is a Sri Lankan real estate company engaged in property development and the ownership, management and letting of commercial properties. Its activities focus on retail and commercial investment properties and the operation of shopping complexes.
CTLD shares closed at Rs 37.00 on Sep 30, 2026, up 3.93%.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +7.3 | +3.3 | -14.6 | +11.4 | +1.0 | +1.5 | -1.5 | -6.3 | +0.3 | +0.0 | +0.0 | +0.0 |
| 2025 | +11.0 | +5.6 | -26.2 | -4.8 | +23.4 | +1.7 | +4.0 | +19.6 | -3.5 | +20.8 | -11.5 | -3.9 |
| 2024 | -5.5 | +3.6 | -0.4 | +3.5 | +4.2 | +0.8 | -4.4 | -3.4 | +6.5 | -0.4 | +4.9 | +13.3 |
| 2023 | -3.1 | +5.2 | +6.9 | -11.1 | -11.6 | +7.7 | +9.7 | +7.7 | -17.9 | -3.5 | +8.1 | -2.1 |
| 2022 | -0.3 | -6.4 | -17.5 | +24.7 | -13.2 | -2.0 | +1.6 | +3.2 | +0.4 | -4.3 | -2.8 | +7.1 |
| 2021 | +0.7 | -3.0 | -6.9 | -4.4 | +3.9 | -0.7 | -1.9 | +7.3 | +5.0 | +0.3 | -1.7 | +3.4 |
| 2020 | -8.7 | -1.5 | -25.9 | +0.0 | +0.0 | +7.6 | +0.4 | +3.0 | +16.2 | -11.5 | -0.7 | +4.6 |
| 2019 | +2.8 | -3.5 | -5.0 | +5.7 | +3.6 | -1.7 | +13.0 | -4.7 | -2.3 | +0.0 | +1.7 | -1.6 |
| 2018 | +14.4 | -10.2 | -38.0 | +6.8 | -6.0 | -3.5 | -1.3 | +4.7 | -3.5 | -8.0 | +6.2 | -3.8 |
| 2017 | -15.1 | +18.0 | -13.4 | +3.3 | -1.1 | -1.7 | -0.2 | +2.0 | -2.1 | +4.3 | -2.1 | +3.6 |
| 2016 | -4.0 | -6.5 | +1.1 | +5.7 | +4.2 | +0.0 | +3.0 | +11.7 | +0.9 | +2.6 | -2.2 | -8.9 |
| 2015 | +1.0 | -6.3 | -6.7 | +1.7 | +8.1 | -1.3 | +17.1 | +21.3 | -4.6 | +4.9 | -9.3 | +2.0 |
| 2014 | +5.5 | -11.0 | +0.3 | +14.4 | +1.2 | +0.9 | +11.5 | +1.8 | +3.9 | -3.7 | -3.4 | +6.2 |
| 2013 | +13.6 | -10.9 | -1.6 | +5.8 | +27.1 | -5.2 | -8.8 | -5.4 | +15.1 | -3.0 | +2.4 | +2.0 |
| 2012 | +0.0 | +0.0 | +0.0 | -0.4 | -5.0 | +5.7 | +1.7 | +9.3 | +2.6 | -11.6 | -4.1 | +3.4 |
| Average | +1.4 | -1.7 | -10.6 | +4.4 | +2.8 | +0.6 | +2.9 | +4.8 | +1.1 | -0.9 | -1.0 | +1.8 |
| ASPI average | +3.1 | -2.7 | -4.7 | +2.0 | +0.2 | +0.8 | +3.1 | +2.2 | +3.2 | -0.1 | +1.0 | +3.0 |
| Median | +0.8 | -3.2 | -6.8 | +4.6 | +2.4 | +0.0 | +1.6 | +3.2 | +0.4 | -1.7 | -1.9 | +2.7 |
| % up | 57% | 36% | 21% | 71% | 64% | 47% | 60% | 73% | 60% | 36% | 36% | 64% |
| Line | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | Rs 283.2M -46.0% | Rs 524.0M +12.1% | Rs 467.7M +33.8% | Rs 349.5M +138.1% | Rs 146.8M -57.8% | Rs 347.5M -28.7% | Rs 487.2M -18.1% | Rs 594.6M +5.2% |
| Operating profit | Rs 1.2B +582.1% | Rs 182.1M -82.9% | Rs 1.1B +334.3% | Rs 245.4M +236.8% | Rs 72.9M -52.1% | Rs 152.0M -51.2% | Rs 311.4M -45.4% | Rs 569.8M +3.5% |
| Net profit | Rs 684.4M +251.2% | Rs 194.9M -73.2% | Rs 728.3M turned profitable | Rs -51.6M loss widened | Rs -17.0M fell into loss | Rs 127.7M -39.2% | Rs 210.1M -49.0% | Rs 412.2M +0.5% |
| EPS | 8.42 +250.8% | 2.40 -73.2% | 8.96 | -0.64 | -0.21 | 1.57 -39.4% | 2.59 -48.9% | 5.07 -38.5% |
Compared with the same period a year earlier.
Parent company only. Subsidiaries are not included.
Per-share figures are as reported, not adjusted for splits.
| # | Company | Price | Mkt cap | P/E | P/B | EPS | ROE | Div Yield |
|---|---|---|---|---|---|---|---|---|
| 1 | PHAR.N0000 | 203.75 | Rs 5.2B | 11.9 | 1.67 | 17.08 | 13.87% | 0.00% |
| 2 | COMD.N0000 | 293.50 | Rs 3.5B | 8.8 | 0.78 | 33.28 | 8.87% | 2.39% |
| 3 | CSD.N0000 | 24.40 | Rs 3.4B | 11.1 | 0.61 | 2.20 | 5.42% | 4.92% |
| 4 | CABO.N0000 | 170.00 | Rs 3.1B | 11.7 | 0.52 | 14.54 | 4.41% | 0.88% |
| 5 | CTLD.N0000 · this company | 37.00 | Rs 3.0B | 21.6 | 0.55 | 1.71 | 12.36% | 0.00% |
| 6 | ETWO.N0000 | 57.40 | Rs 1.8B | 6.3 | 0.88 | 9.06 | 13.83% | 7.68% |
| 7 | CPRT.N0000 | 33.00 | Rs 1.4B | - | - | -0.20 | - | 0.00% |
| 8 | YORK.N0000 | 8.90 | Rs 1.3B | - | 5.93 | -0.02 | -1.10% | 0.00% |
| Peer median · 9 companies | - | - | 11.1 | 1.15 | - | - | 0.44% |
CT Land Development PLC is a Sri Lankan real estate company engaged in property development and the ownership, management and letting of commercial properties. Its activities focus on retail and commercial investment properties and the operation of shopping complexes. The company’s flagship asset is the Majestic City Shopping Complex in Colombo, which is undergoing refurbishment to enhance the shopping and entertainment experience and to broaden the tenant mix; occupancy levels remained stable at around 70% during the reported period. The company manages tenancy, asset upgrades and property maintenance to support rental income and asset value. CT Land holds an investment property portfolio from which it derives rental income and periodically records revaluations of its properties; operational initiatives cited include cost and energy efficiency measures and efforts to optimise tenant composition and operating performance.
CT Land's June quarter recorded a widened net loss, despite revenue growth. The low P/B is offset by a stretched earnings multiple and rising debt.
Read the full report (Sep 3, 2026) →1 article in 30 days: 0 positive, 0 negative, 1 neutral.
CT Land Development appointed Joseph Page as Non-Executive Chairman effective 21 August 2026 and Indira Malwatte as an Independent Non-Executive Director. Page is also a director of parent C T Holdings PLC and other CT Group firms; Malwatte chairs Samson International and sits on the boards of Cargills and Kotmale.
CT Land Development PLC appointed Chulantha Wickramaratne, former Auditor General (2019–2025), as an Independent Non-Executive Director. Wickramaratne has also held independent directorships at CT Holdings PLC and Cargills (Ceylon) PLC.
CT Land Development PLC appointed former Auditor General W.P.C. Wickramaratne as an Independent Non-Executive Director effective 3 February 2026. He will join the Audit, Related Party Transactions Review, Nominations & Governance and Remuneration Committees and holds no CTLD shares as at appointment.
CT Land Development PLC appointed Zakir Mohamedally as a Non-Independent Non-Executive Director. Mohamedally brings over two decades of audit, assurance and capital markets experience and is Group COO and Head of Investment Banking at the CT Smith Holdings Group.
CT Land Development PLC appointed Shalindra Fernando as Chief Executive Officer effective 16 January 2026. Fernando has over 18 years of senior leadership experience across FMCG, retail, beverages and enterprise technology, most recently serving as Senior VP and Chief Revenue Officer at MillenniumIT ESP Ltd.
ASPI fell 0.64% to 19,786 after briefly crossing the 20,000 mark, with turnover of Rs.4.53bn and foreign net outflow of Rs.8.2m. Banking stocks and conglomerates weighed on the market, with JKH, MELS, NDB, AEL and BUKI among top negative contributors while DFCC and Royal Ceramics saw gains.
Property and construction faced a mixed policy backdrop: the proposed property tax was deferred from the 2027 Budget, while TIN certification becomes mandatory from 1 November for building-plan approvals and land registration, adding a compliance step to transactions. Public construction activity progressed through the Muthurajawela fuel-terminal contract and planned hospital infrastructure projects. Construction services exports fell in August.
Auto-generated from 12 sector news articles over 14 days. Not investment advice.