Stock Analysis

Growthpoint Properties First Half 2023 Earnings: EPS: R0.55 (vs R1.07 in 1H 2022)

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Growthpoint Properties (JSE:GRT) First Half 2023 Results

Key Financial Results

  • Revenue: R6.85b (up 7.4% from 1H 2022).
  • Net income: R1.87b (down 49% from 1H 2022).
  • Profit margin: 27% (down from 57% in 1H 2022).
  • EPS: R0.55 (down from R1.07 in 1H 2022).
JSE:GRT Earnings and Revenue History March 17th 2023

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

Growthpoint Properties Earnings Insights

Looking ahead, revenue is forecast to decline by 9.0% p.a. on average during the next 3 years, while revenues in the REITs industry in South Africa are expected to remain flat.

Performance of the South African REITs industry.

The company's shares are down 1.9% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 4 warning signs for Growthpoint Properties you should be aware of, and 2 of them don't sit too well with us.

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