CRE Third Quarter 2024 Earnings: JP¥11.76 loss per share (vs JP¥139 profit in 3Q 2023)

CRE (TSE:3458) Third Quarter 2024 Results

Key Financial Results

• Revenue: JP¥6.67b (down 77% from 3Q 2023).
• Net loss: JP¥345.0m (down by 109% from JP¥4.07b profit in 3Q 2023).
• JP¥11.76 loss per share (down from JP¥139 profit in 3Q 2023).

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

CRE Earnings Insights

Looking ahead, revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Real Estate industry in Japan.

Performance of the Japanese Real Estate industry.

The company's shares are up 12% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 3 warning signs for CRE (of which 2 are concerning!) you should know about.

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