Grit Real Estate Income Group (LON:GR1T) 2022 annual results
Main financial results
- Revenue: $50.8 million (up 1.9% from fiscal 2021).
- Net income: US$10.4 million (compared to a loss of US$51.9 million in fiscal 2021).
- Profit margin: 21% (up from FY2021 net loss).
- EPS: $0.026 (compared to a loss of $0.17 in fiscal 2021).
All figures shown in the table above are for the 12 month period (TTM)
Grit Real Estate Income Group Revenue Overview
Looking ahead, revenues are expected to grow by 77% per year on average over the next 2 years, while UK property sector revenues are expected to remain stable.
The company’s shares rose 3.2% from a week ago.
It is necessary to consider the ubiquitous spectrum of investment risk. We have identified 4 warning signs with Grit Real Estate Income Group (at least 2 potentially serious)and understanding them should be part of your investment process.
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Find out if Grit Real Estate Income Group is potentially overvalued or undervalued by viewing our full analysis, which includes fair value estimates, risks and warnings, dividends, insider trading and financial health.
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