Charter Hall Group Full Year 2023 Earnings: Revenues Beat Expectations, EPS Lags

Charter Hall Group (ASX:CHC) Full Year 2023 Results

Key Financial Results

• Revenue: AU$787.5m (down 53% from FY 2022).
• Net income: AU$196.1m (down 79% from FY 2022).
• Profit margin: 25% (down from 55% in FY 2022). The decrease in margin was driven by lower revenue.
• EPS: AU$0.41 (down from AU$1.94 in FY 2022).

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

Charter Hall Group Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 19%. Earnings per share (EPS) missed analyst estimates by 57%.

Looking ahead, revenue is expected to fall by 6.4% p.a. on average during the next 3 years compared to a 4.1% decline forecast for the REITs industry in Australia.

Performance of the Australian REITs industry.

The company's shares are up 3.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Charter Hall Group that you need to be mindful of.

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