Property For Industry Full Year 2022 Earnings: EPS Misses Expectations

Property For Industry (NZSE:PFI) Full Year 2022 Results

Key Financial Results

• Revenue: NZ$130.0m (up 20% from FY 2021).
• Net loss: NZ$13.9m (down by 103% from NZ$452.8m profit in FY 2021).
• NZ$0.027 loss per share (down from NZ$0.90 profit in FY 2021).

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

Property For Industry EPS Misses Expectations

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

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 2.6% growth forecast for the REITs industry in New Zealand.

Performance of the New Zealander REITs industry.

The company's shares are down 2.8% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Property For Industry has 2 warning signs (and 1 which is concerning) we think you should know about.

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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.