Full year 2021 results:
- EPS: S$0.23 (up from S$0.12 in FY 2020).
- Revenue: S$1.23b (up 16% from FY 2020).
- Net income: S$948.0m (up 115% from FY 2020).
- Profit margin: 77% (up from 42% in FY 2020).
- Net asset value (NAV) per share: S$2.38 (up 7.7% from FY 2020). The current share price is 21% higher than NAV per share.
Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 50%.Over the next year, revenue is forecast to grow 4.4%, compared to a 5.9% growth forecast for the reits industry in Singapore.
Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 2% per year.