- South Africa
Growthpoint Properties First Half 2023 Earnings: EPS: R0.55 (vs R1.07 in 1H 2022)
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).
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.
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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Find out whether Growthpoint Properties is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.View the Free Analysis
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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.
Growthpoint is the largest South African primary JSE-listed REIT with a quality portfolio of 440 directly owned properties in South Africa (RSA) valued at R73.4bn, including four hospitals and one medical chambers valued at R2.6bn owned by Growthpoint Healthcare Property Holdings (RF) Limited (GHPH).
Average dividend payer with acceptable track record.