Industrials REIT First Half 2023 Earnings: UK£0.071 loss per share (vs UK£0.14 profit in 1H 2022)

Industrials REIT (JSE:MLI) First Half 2023 Results

Key Financial Results

  • Revenue: UK£24.8m (up 24% from 1H 2022).

  • Net loss: UK£21.1m (down by 151% from UK£41.0m profit in 1H 2022).

  • UK£0.071 loss per share (down from UK£0.14 profit in 1H 2022).

earnings-and-revenue-growth
earnings-and-revenue-growth

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

Industrials REIT Earnings Insights

Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 3 years, while revenues in the REITs industry in South Africa are expected to remain flat.

Performance of the South African REITs industry.

The company's shares are up 17% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 4 warning signs for Industrials REIT you should know about.

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.

Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here