AmanahRaya Real Estate Investment Trust Full Year 2023 Earnings: EPS Misses Expectations

AmanahRaya Real Estate Investment Trust (KLSE:ARREIT) Full Year 2023 Results

Key Financial Results

• Revenue: RM75.0m (flat on FY 2022).
• Net income: RM5.04m (down 59% from FY 2022).
• Profit margin: 6.7% (down from 17% in FY 2022).
• EPS: RM0.009 (down from RM0.021 in FY 2022).

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

AmanahRaya Real Estate Investment Trust EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 56%.

Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 2.3% growth forecast for the REITs industry in Malaysia.

Performance of the Malaysian REITs industry.

The company's shares are up 1.3% from a week ago.

Risk Analysis

Be aware that AmanahRaya Real Estate Investment Trust is showing 5 warning signs in our investment analysis and 1 of those shouldn't be ignored...

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