Yuexiu Real Estate Investment Trust First Half 2024 Earnings: CN¥0.006 loss per share (vs CN¥0.02 profit in 1H 2023)
Yuexiu Real Estate Investment Trust (HKG:405) First Half 2024 Results
Key Financial Results
- Revenue: CN¥1.03b (down 2.5% from 1H 2023).
- Net loss: CN¥30.8m (down by 132% from CN¥95.2m profit in 1H 2023).
- CN¥0.006 loss per share (down from CN¥0.02 profit in 1H 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Yuexiu Real Estate Investment Trust Earnings Insights
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 1.5% decline forecast for the REITs industry in Asia.
Performance of the market in Hong Kong.
The company's shares are down 4.1% from a week ago.
Risk Analysis
You should learn about the 3 warning signs we've spotted with Yuexiu Real Estate Investment Trust (including 2 which are a bit unpleasant).
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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 SEHK:405
Yuexiu Real Estate Investment Trust
Yuexiu Real Estate Investment Trust (“Yuexiu REIT”) and its subsidiaries (together, the “Group”) are mainly engaged in the leasing of commercial properties in the People’s Republic of China (the “PRC”).
Fair value low.