Centuria Capital Group (ASX:CNI) Full Year 2024 Results

Key Financial Results

• Revenue: AU$327.0m (down 12% from FY 2023).

• Net income: AU$73.2m (up 127% from FY 2023).

• Profit margin: 22% (up from 8.7% in FY 2023). The increase in margin was driven by lower expenses.

• EPS: AU$0.09 (up from AU$0.04 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Centuria Capital Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 4.9%. Earnings per share (EPS) also surpassed analyst estimates by 6.1%.

Looking ahead, revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 5.1% decline forecast for the REITs industry in Australia.

Performance of the Australian REITs industry.

The company's shares are up 6.7% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 3 warning signs for Centuria Capital Group (1 is a bit concerning!) that you should be aware of.

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