IGB Commercial Real Estate Investment Trust (KLSE:IGBCR) Full Year 2023 Results
Main financial results
-
Revenue: RM215.1 million (up 13% from FY22).
-
Net profit: 65.2 million ringgit (3.4% increase compared to FY2022).
-
Profit margin: 30% (down from 33% in FY2022). The decrease in profit margin was due to an increase in expenses.
-
EPS: RM0.028 (up from RM0.027 in FY2022).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
IGB Commercial Real Estate Investment Trust's revenue exceeded expectations, but EPS fell short
Sales exceeded analysts' expectations by 8.3%. Earnings per share (EPS) was 3.1% lower than analysts expected.
Looking ahead, Malaysian REIT industry revenues are expected to grow by 2.3%, while revenues are expected to decline by an average of 1.8% per annum over the next two years.
performance of Malaysian REIT industry.
The company's stock rose 3.0% from the previous week.
risk analysis
Note that IGB Commercial Real Estate Investment Trust is listed. 1 warning sign in investment analysis What you need to know…
Have feedback on this article? Curious about its content? contact Please contact us directly. Alternatively, email our editorial team at Simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary using only unbiased methodologies, based on historical data and analyst forecasts, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
