Cedar Woods Properties Full Year 2024 Earnings: Revenues Beat Expectations

Cedar Woods Properties (ASX:CWP) Full Year 2024 Results

Key Financial Results

• Revenue: AU$386.3m (down 1.3% from FY 2023).
• Net income: AU$40.5m (up 28% from FY 2023).
• Profit margin: 11% (up from 8.1% in FY 2023). The increase in margin was driven by lower expenses.

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

Cedar Woods Properties Revenues Beat Expectations

Revenue exceeded analyst estimates by 12%.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Real Estate industry in Australia.

Performance of the Australian Real Estate industry.

The company's shares are up 9.0% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Cedar Woods Properties (1 can't be ignored!) that you should be aware of.

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