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- JSE:GRT
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.
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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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.
About JSE:GRT
Growthpoint Properties
Growthpoint is a Real Estate Investment Trust (REIT) and is the largest South African listed property company which owns a property portfolio of 369 directly owned properties in South Africa valued at R64.1bn, 58 properties valued at R61.8bn through its 63.7% investment in Growthpoint Properties Australia Limited (GOZ), five properties valued at R8.5bn through a 62.4% investment in Capital & Regional Plc (C&R), a 50% interest in the properties of the V&A Waterfront, valued at R10.1bn, a 29.5% interest in the properties of Globalworth Real Estate Investment Limited (GWI), valued at R17.4bn, a 39.1% interest in the properties of Growthpoint Healthcare Property Holdings (RF) Limited (GHPH) valued at R3.7bn, a 14.3% interest in the properties of Growthpoint Student Accommodation Holdings (RF) Limited (GSAH) valued at R2.7bn and a 18.4% interest in the properties of Lango Real Estate Limited (Lango) valued at R2.1bn.
Proven track record second-rate dividend payer.
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