Carindale Property Trust First Half 2023 Earnings: FFO per share: AU$0.2 (vs AU$0.18 in 1H 2022)

Carindale Property Trust (ASX:CDP) First Half 2023 Results

Key Financial Results

• Revenue: AU$27.2m (up 3.7% from 1H 2022).
• Funds from operations (FFO): AU$13.0m (flat on 1H 2022).
• FFO margin: 48% (down from 49% in 1H 2022).
• FFO per share: AU$0.2.

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

Carindale Property Trust Earnings Insights

Looking ahead, revenue is expected to decline by 5.3% p.a. on average during the next 3 years, while revenues in the REITs industry in Australia are expected to grow by 2.3%.

Performance of the Australian REITs industry.

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

Risk Analysis

You should always think about risks. Case in point, we've spotted 4 warning signs for Carindale Property Trust you should be aware of, and 1 of them is potentially serious.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.