In This Article:
RAM Essential Services Property Fund (ASX:REP) Full Year 2024 Results
Key Financial Results
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Revenue: AU$55.7m (down 1.1% from FY 2023).
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Net loss: AU$11.4m (loss narrowed by 28% from FY 2023).
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AU$0.048 loss per share.
All figures shown in the chart above are for the trailing 12 month (TTM) period
RAM Essential Services Property Fund Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is expected to fall by 5.7% p.a. on average during the next 2 years compared to a 5.7% decline forecast for the REITs industry in Australia.
Performance of the Australian REITs industry.
The company's shares are up 3.1% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for RAM Essential Services Property Fund you should be aware of.
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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.