In This Article:
Generation Income Properties (NASDAQ:GIPR) Third Quarter 2024 Results
Key Financial Results
-
Revenue: US$2.40m (up 30% from 3Q 2023).
-
Net loss: US$2.97m (loss widened by 62% from 3Q 2023).
-
US$0.55 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Generation Income Properties Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) missed analyst estimates by 22%.
Looking ahead, revenue is expected to decline by 7.6% p.a. on average during the next 2 years, while revenues in the REITs industry in the US are expected to grow by 4.1%.
Performance of the American REITs industry.
The company's shares are down 7.7% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 3 warning signs for Generation Income Properties (2 are potentially serious!) that you should be aware of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.