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Garda Property Group First Half 2023 Earnings: FFO per share: AU$0.04 (vs AU$0.038 in 1H 2022)

Garda Property Group (ASX:GDF) First Half 2023 Results

Key Financial Results

  • Revenue: AU$16.1m (down 14% from 1H 2022).

  • Funds from operations (FFO): AU$7.59m (down 5.1% from 1H 2022).

  • FFO margin: 47% (up from 43% in 1H 2022).

  • FFO per share: AU$0.04 (down from AU$0.038 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

Garda Property Group Earnings Insights

Looking ahead, revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 6.3% decline forecast for the REITs industry in Australia.

Performance of the Australian REITs industry.

The company's shares are down 3.2% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 4 warning signs for Garda Property Group (2 are significant!) that you need to be mindful 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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