Suntec Real Estate Investment Trust (SGX:T82U) full year 2023 results
Main financial results
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Revenue: S$498.7 million (down 13% from FY2022).
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Net profit: S$171.4 million (down 63% from FY2022).
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Profit margin: 34% (down from 81% in FY2022).
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EPS: S$0.059 (down from S$0.16 in FY22).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Suntech Real Estate Investment Trust's revenue and profit exceeded expectations
Sales exceeded analysts' expectations by 3.4%. Earnings per share (EPS) also exceeded analyst expectations by 6.9%.
The main revenue driver for the past 12 months was the Office – Suntec City Singapore division, which contributed total revenue of S$144.5 million (29% of total revenue). The most significant expense, totaling S$107.1 million, related to non-operating expenses. This indicates that a significant portion of the company's costs are related to non-core activities. Find out how T82U's revenues and expenses form its bottom line.
Looking ahead, revenues are expected to increase by an average of 1.0% per year over the next three years, compared to a growth forecast of 3.9% for the Asian REIT industry.
market performance Singapore.
The company's stock price is almost unchanged from a week ago.
risk analysis
Note that Suntec Real Estate Investment Trust is listed. 4 warning signs in investment analysis One of them could be serious…
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