Mapletree Industrial Trust Third Quarter 2023 Earnings: Revenues In Line With Expectations
Mapletree Industrial Trust (SGX:ME8U) Third Quarter 2023 Results
Key Financial Results
Revenue: S$170.4m (flat on 3Q 2022).
Net income: S$93.0m (down 3.6% from 3Q 2022).
Profit margin: 55% (down from 56% in 3Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Mapletree Industrial Trust Meets Expectations
Revenue was in line with analyst estimates.
Looking ahead, revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the REITs industry in Singapore.
Performance of the Singaporean REITs industry.
The company's shares are up 5.2% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Mapletree Industrial Trust (1 makes us a bit uncomfortable) you should be aware of.
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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.
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