CapitaLand Investment Full Year 2023 Earnings: Misses Expectations

CapitaLand Investment (SGX:9CI) Full Year 2023 Results

Key Financial Results

• Revenue: S$2.78b (down 3.2% from FY 2022).
• Net income: S$181.0m (down 79% from FY 2022).
• Profit margin: 6.5% (down from 30% in FY 2022).
• EPS: S$0.035 (down from S$0.17 in FY 2022).

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

CapitaLand Investment Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 76%.

Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 3 years, while revenues in the Real Estate industry in Singapore are expected to remain flat.

Performance of the Singaporean Real Estate industry.

The company's shares are down 2.5% from a week ago.

Risk Analysis

Be aware that CapitaLand Investment is showing 4 warning signs in our investment analysis and 2 of those shouldn't be ignored...

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