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Kiwi Property Group First Half 2023 Earnings: FFO per share: NZ$0.04 (vs NZ$0.037 in 1H 2022)

Kiwi Property Group (NZSE:KPG) First Half 2023 Results

Key Financial Results

  • Revenue: NZ$130.2m (up 6.5% from 1H 2022).

  • Funds from operations (FFO): NZ$62.0m (up 7.5% from 1H 2022).

  • FFO margin: 48% (in line with 1H 2022).

  • FFO per share: NZ$0.04 (up from NZ$0.037 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

Kiwi Property Group Earnings Insights

Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 2.2% growth forecast for the REITs industry in New Zealand.

Performance of the New Zealander REITs industry.

The company's shares are up 2.2% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Kiwi Property Group (1 is a bit concerning!) that you should be aware of before investing here.

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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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