Artis Real Estate Investment Trust

TSX:AX.UN Stock Report

Market Cap: CA$726.4m

Artis Real Estate Investment Trust Past Earnings Performance

Past criteria checks 0/6

Artis Real Estate Investment Trust's earnings have been declining at an average annual rate of -41.7%, while the REITs industry saw earnings growing at 12.2% annually. Revenues have been declining at an average rate of 14.2% per year.

Key information

-41.7%

Earnings growth rate

-43.4%

EPS growth rate

REITs Industry Growth9.9%
Revenue growth rate-14.2%
Return on equity-6.5%
Net Margin-48.7%
Last Earnings Update30 Sep 2024

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Artis Real Estate Investment Trust makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSX:AX.UN Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24243-118100
30 Jun 24260-24480
31 Mar 24259-33070
31 Dec 23269-34570
30 Sep 23372-38670
30 Jun 23394-34460
31 Mar 23230-28060
31 Dec 22417-2180
30 Sep 2237116690
30 Jun 22378301110
31 Mar 22562537120
31 Dec 21426372130
30 Sep 21441344160
30 Jun 21457350170
31 Mar 21474187160
31 Dec 204664120
30 Sep 20480580
30 Jun 20492390
31 Mar 20512-33100
31 Dec 19527103140
30 Sep 1953276150
30 Jun 1953457130
31 Mar 19526112120
31 Dec 18518137110
30 Sep 18513184120
30 Jun 18512224130
31 Mar 18517188130
31 Dec 17525216140
30 Sep 17538132140
30 Jun 17554144130
31 Mar 17557136130
31 Dec 1655798130
30 Sep 16554-68130
30 Jun 16546-168130
31 Mar 16544-142120
31 Dec 15542-194120
30 Sep 1553659110
30 Jun 15525139110
31 Mar 15513136110
31 Dec 14504180100
30 Sep 14495117100
30 Jun 14490110100
31 Mar 14480128100
31 Dec 13465177100

Quality Earnings: AX.UN is currently unprofitable.

Growing Profit Margin: AX.UN is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: AX.UN is unprofitable, and losses have increased over the past 5 years at a rate of 41.7% per year.

Accelerating Growth: Unable to compare AX.UN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AX.UN is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (-1.1%).

Return on Equity

High ROE: AX.UN has a negative Return on Equity (-6.49%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/22 02:03
End of Day Share Price 2024/12/20 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Artis Real Estate Investment Trust is covered by 15 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Pauline AlimchandaniBMO Capital Markets Equity Research
Sumayya Syed HussainCIBC Capital Markets
Dean WilkinsonCIBC Capital Markets