Globe Residency REIT Past Earnings Performance
Past criteria checks 1/6
Globe Residency REIT's earnings have been declining at an average annual rate of -85.9%, while the Capital Markets industry saw earnings growing at 20.3% annually. Revenues have been declining at an average rate of 46.3% per year. Globe Residency REIT's return on equity is 4.6%, and it has net margins of 3%.
Key information
-85.9%
Earnings growth rate
-85.9%
EPS growth rate
| Capital Markets Industry Growth | 22.2% |
| Revenue growth rate | -46.3% |
| Return on equity | 4.6% |
| Net Margin | 3.0% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How Globe Residency REIT makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 2,521 | 77 | 116 | 0 |
| 31 Dec 23 | 2,890 | 168 | 152 | 0 |
| 30 Sep 23 | 2,806 | 274 | 137 | 0 |
| 30 Jun 23 | 2,850 | 271 | 162 | 0 |
| 30 Jun 22 | 10,258 | 1,369 | 402 | 0 |
Quality Earnings: GRR has high quality earnings.
Growing Profit Margin: GRR's current net profit margins (3%) are lower than last year (11.6%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: Unable to establish if GRR's year-on-year earnings growth rate was positive over the past 5 years as it has been trading publicly for less than 3 years.
Accelerating Growth: Unable to compare GRR's past year earnings growth to its 5-year average as it has been trading publicly for less than 3 years.
Earnings vs Industry: GRR had negative earnings growth (-85.9%) over the past year, making it difficult to compare to the Capital Markets industry average (115%).
Return on Equity
High ROE: GRR's Return on Equity (4.6%) is considered low.