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.
Valuation is complex, but we're here to simplify it.
Discover if Growthpoint Properties might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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