Lar España Real Estate SOCIMI Reports Third Quarter 2023 Earnings

Lar España Real Estate SOCIMI (BME:LRE) Third Quarter 2023 Results

Key Financial Results

• Revenue: €23.3m (up 5.5% from 3Q 2022).
• Net income: €15.3m (up 13% from 3Q 2022).
• Profit margin: 66% (up from 61% in 3Q 2022).
• EPS: €0.18.

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

Lar España Real Estate SOCIMI Earnings Insights

Looking ahead, revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 1.7% decline forecast for the REITs industry in Europe.

Performance of the market in Spain.

The company's shares are up 6.8% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for Lar España Real Estate SOCIMI (of which 1 is a bit unpleasant!) you should know about.

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