Artis Real Estate Investment Trust (TSE:AX.UN) Second Quarter 2024 Results

Key Financial Results

• Revenue: CA$84.7m (up 6.3% from 2Q 2023).

• Net income: CA$765.0k (up from CA$88.1m loss in 2Q 2023).

• Profit margin: 0.9% (up from net loss in 2Q 2023).

• EPS: CA$0.007 (up from CA$0.78 loss in 2Q 2023).

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

Artis Real Estate Investment Trust Earnings Insights

Looking ahead, revenue is expected to decline by 3.2% p.a. on average during the next 2 years, while revenues in the REITs industry in Canada are expected to grow by 2.1%.

Performance of the Canadian REITs industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You still need to take note of risks, for example - Artis Real Estate Investment Trust has 3 warning signs (and 2 which shouldn't be ignored) we think you should know about.

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