Stock Analysis
Artis Real Estate Investment Trust Second Quarter 2024 Earnings: EPS: CA$0.007 (vs CA$0.78 loss in 2Q 2023)
Artis Real Estate Investment Trust (TSE:AX.UN) Second Quarter 2024 Results
Key Financial Results
- Revenue: CA$84.7m (up 6.3% from 2Q 2023).
- Net income: CA$765.0k (up from CA$88.1m loss in 2Q 2023).
- Profit margin: 0.9% (up from net loss in 2Q 2023).
- EPS: CA$0.007 (up from CA$0.78 loss in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Artis Real Estate Investment Trust Earnings Insights
Looking ahead, revenue is expected to decline by 3.2% p.a. on average during the next 2 years, while revenues in the REITs industry in Canada are expected to grow by 2.1%.
Performance of the Canadian REITs industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Artis Real Estate Investment Trust (2 are potentially serious) you should be aware of.
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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.
About TSX:AX.UN
Artis Real Estate Investment Trust
Artis is a diversified Canadian real estate investment trust with a portfolio of industrial, office and retail properties in Canada and the United States.