Yahoo Finance Suntec Real Estate Investment Trust Full Year 2023 Earnings: Beats Expectations
Suntec Real Estate Investment Trust (SGX:T82U) Full Year 2023 Results
Key Financial Results
Revenue: S$462.7m (down 19% from FY 2022).
Net income: S$185.4m (down 60% from FY 2022).
Profit margin: 40% (down from 81% in FY 2022).
EPS: S$0.059 (down from S$0.16 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Suntec Real Estate Investment Trust Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 3.4%. Earnings per share (EPS) also surpassed analyst estimates by 6.9%.
Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the REITs industry in Asia.
Performance of the market in Singapore.
The company's share price is broadly unchanged from a week ago.
Valuation
It's possible that Suntec Real Estate Investment Trust could be overvalued with our 6-factor valuation analysis indicating potential weakness. Click here to find out what a fair price for the stock might be and where analysts see the share price heading over the next year.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.
