Investore Property First Half 2023 Earnings: NZ$0.075 loss per share (vs NZ$0.15 profit in 1H 2022)

Investore Property (NZSE:IPL) First Half 2023 Results

Key Financial Results

• Revenue: NZ$35.7m (up 8.3% from 1H 2022).
• Net loss: NZ$27.7m (down by 149% from NZ$56.9m profit in 1H 2022).
• NZ$0.075 loss per share (down from NZ$0.15 profit in 1H 2022).

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

Investore Property Earnings Insights

Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, while revenues in the REITs industry in New Zealand are expected to remain flat.

Performance of the New Zealander REITs industry.

The company's shares are up 3.4% from a week ago.

Risk Analysis

It's necessary to consider the ever-present spectre of investment risk. We've identified 3 warning signs with Investore Property (at least 1 which is a bit unpleasant), and understanding them should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.