Cromwell European Real Estate Investment Trust Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Cromwell European Real Estate Investment Trust (SGX:CWBU) Full Year 2023 Results

Key Financial Results

• Revenue: €216.5m (down 2.5% from FY 2022).
• Net loss: €76.2m (down by 292% from €39.6m profit in FY 2022).
• €0.14 loss per share (down from €0.071 profit in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cromwell European Real Estate Investment Trust Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates.

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 4.2% growth forecast for the REITs industry in Asia.

Performance of the market in Singapore.

The company's share price is broadly unchanged from a week ago.

Valuation

If you are seeking undervalued stocks, our analysis of 6 valuation measures indicates Cromwell European Real Estate Investment Trust could be a good place to look. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.

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