Public Property Invest Third Quarter 2024 Earnings: Misses Expectations

Public Property Invest (OB:PUBLI) Third Quarter 2024 Results

Key Financial Results

• Revenue: kr173.0m (up 22% from 3Q 2023).
• Net income: kr17.0m (up from kr300.7m loss in 3Q 2023).
• Profit margin: 9.8% (up from net loss in 3Q 2023).
• EPS: kr0.08.

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

Public Property Invest Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) also missed analyst estimates by 72%.

Looking ahead, revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 1.3% growth forecast for the Real Estate industry in Norway.

Performance of the Norwegian Real Estate industry.

The company's shares are down 3.7% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Public Property Invest's balance sheet.

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