Full year 2021 results:
- EPS: S$0.007 (up from S$0.007 loss in FY 2020).
- Revenue: S$249.9m (down 14% from FY 2020).
- Net income: S$38.9m (up S$78.9m from FY 2020).
- Profit margin: 16% (up from net loss in FY 2020).
Revenue missed analyst estimates by 5.2%. Earnings per share (EPS) also missed analyst estimates by 100%.Over the next year, revenue is forecast to grow 1.6%, compared to a 5.4% growth forecast for the reits industry in Singapore.
Over the last 3 years on average, the company’s share price growth rate has exceeded its earnings growth rate by 84 percentage points per year, which is a significant difference in performance.