Parkway Life Real Estate Investment Trust Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags

Parkway Life Real Estate Investment Trust (SGX:C2PU) Full Year 2022 Results

Key financial results

  • Revenue: S$130.0m (up 7.7% from FY 2021).
  • Net income: S$41.1m (down 88% from FY 2021).
  • Profit margin: 32%.
  • EPS: S$0.068 (down from S$0.55 in FY 2021).

SGX:C2PU Earnings and Revenue Growth January 29th 2023

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

Parkway Life Real Estate Investment Trust Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 3.3%. Earnings per share (EPS) missed analyst estimates by 62%.

Looking ahead, revenue is forecast to grow 1.8% pa on average during the next 2 years, compared to a 5.3% growth forecast for the REITs industry in Singapore.

Performance of the Singaporean REITs industry.

The company’s shares are up 5.3% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we’ve spotted 3 warning signs for Parkway Life Real Estate Investment Trust you should be aware of, and 1 of them is a bit unpleasant.

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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.