IGB Commercial Real Estate Investment Trust Full Year 2024 Earnings: EPS: RM0.026 (vs RM0.028 in FY 2023)

IGB Commercial Real Estate Investment Trust (KLSE:IGBCR) Full Year 2024 Results

Key Financial Results

• Revenue: RM231.0m (up 7.4% from FY 2023).
• Net income: RM62.7m (down 3.9% from FY 2023).
• Profit margin: 27% (down from 30% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: RM0.026 (down from RM0.028 in FY 2023).

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

IGB Commercial Real Estate Investment Trust Earnings Insights

Looking ahead, revenue is expected to decline by 4.4% p.a. on average during the next 2 years, while revenues in the REITs industry in Asia are expected to grow by 2.4%.

Performance of the market in Malaysia.

The company's shares are down 3.5% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 1 warning sign for IGB Commercial Real Estate Investment Trust that you should be aware of.

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