Stock Analysis
Yuexiu Real Estate Investment Trust Full Year 2023 Earnings: Misses Expectations
Yuexiu Real Estate Investment Trust (HKG:405) Full Year 2023 Results
Key Financial Results
- Revenue: CN¥2.09b (up 11% from FY 2022).
- Net income: CN¥4.63m (up from CN¥529.0m loss in FY 2022).
- Profit margin: 0.2% (up from net loss in FY 2022). The move to profitability was primarily driven by lower expenses.
- EPS: CN¥0.001 (up from CN¥0.12 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Yuexiu Real Estate Investment Trust Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 97%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 4.2% growth forecast for the REITs industry in Asia.
Performance of the market in Hong Kong.
The company's shares are up 6.9% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 3 warning signs for Yuexiu Real Estate Investment Trust you should be aware of, and 1 of them is concerning.
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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”).