Grit Real Estate Income Group FY2022 Earnings: EPS: $0.026 (vs. a loss of $0.17 in FY21)

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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).
LSE: GR1T Growth in results and revenues October 30, 2022

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.

Performance of the British real estate sector.

The company’s shares rose 3.2% from a week ago.

Risk analysis

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.

Valuation is complex, but we help make it simple.

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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This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

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