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.
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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