Yahoo Finance Morguard Real Estate Investment Trust Full Year 2023 Earnings: EPS Misses Expectations
Morguard Real Estate Investment Trust (TSE:MRT.UN) Full Year 2023 Results
Key Financial Results
Revenue: CA$255.1m (up 4.2% from FY 2022).
Net loss: CA$74.4m (loss narrowed by 14% from FY 2022).
CA$1.16 loss per share (improved from CA$1.34 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Morguard Real Estate Investment Trust EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 142%.
Looking ahead, revenue is expected to decline by 2.4% p.a. on average during the next 2 years, while revenues in the REITs industry in Canada are expected to grow by 2.3%.
Performance of the Canadian REITs industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Morguard Real Estate Investment Trust (1 makes us a bit uncomfortable!) that you need to be mindful of.
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.