Mindspace Business Parks REIT Past Earnings Performance
Past criteria checks 5/6
Mindspace Business Parks REIT has been growing earnings at an average annual rate of 14.2%, while the Office REITs industry saw earnings growing at 4.3% annually. Revenues have been growing at an average rate of 25.4% per year. Mindspace Business Parks REIT's return on equity is 3.8%, and it has net margins of 21.2%.
Key information
14.2%
Earnings growth rate
-85.9%
EPS growth rate
| Office REITs Industry Growth | 4.8% |
| Revenue growth rate | 25.4% |
| Return on equity | 3.8% |
| Net Margin | 21.2% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Revenue & Expenses BreakdownBeta
How Mindspace Business Parks REIT makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 24,769 | 5,250 | 599 | 0 |
| 31 Dec 23 | 24,132 | 3,775 | 717 | 0 |
| 30 Sep 23 | 23,640 | 3,557 | 692 | 0 |
| 30 Jun 23 | 24,111 | 2,929 | 700 | 0 |
| 31 Mar 23 | 23,016 | 2,836 | 665 | 0 |
| 31 Dec 22 | 22,053 | 4,387 | 618 | 0 |
| 30 Sep 22 | 20,871 | 4,590 | 568 | 0 |
| 30 Jun 22 | 18,261 | 5,007 | 495 | 0 |
| 31 Mar 22 | 17,620 | 4,238 | 490 | 0 |
| 31 Dec 21 | 17,299 | 4,124 | 496 | 0 |
| 30 Sep 21 | 17,200 | 4,068 | 469 | 0 |
| 30 Jun 21 | 15,731 | 3,492 | 466 | 0 |
| 31 Mar 21 | 11,522 | 3,074 | 353 | 0 |
| 30 Jun 20 | -4,413 | -992 | 47 | 0 |
| 31 Mar 20 | 0 | -147 | 75 | 0 |
| 31 Mar 19 | 16,778 | 4,789 | 84 | 0 |
| 31 Mar 18 | 14,992 | 1,483 | 74 | 0 |
| 31 Mar 17 | 14,149 | 2,075 | 111 | 0 |
Quality Earnings: MINDSPACE has high quality earnings.
Growing Profit Margin: MINDSPACE's current net profit margins (21.2%) are higher than last year (12.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: MINDSPACE's earnings have grown by 14.2% per year over the past 5 years.
Accelerating Growth: MINDSPACE's earnings growth over the past year (85.1%) exceeds its 5-year average (14.2% per year).
Earnings vs Industry: MINDSPACE earnings growth over the past year (85.1%) exceeded the Office REITs industry -1.6%.
Return on Equity
High ROE: MINDSPACE's Return on Equity (3.8%) is considered low.