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Artis Real Estate Investment Trust (TSE:AX.UN) Full Year 2023 Results
Main financial results
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Revenue: C$335.8 million (-19% vs. 2022).
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Net loss: C$332.1 million (loss increased by C$310.9 million from FY2022).
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A loss of CA$2.98 per share (worsening from a loss of CA$0.18 in fiscal 2022).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Insights into Artis Real Estate Investment Trust’s earnings
Looking ahead, revenues are expected to increase by an average of 1.3% per year over the next two years, compared to a growth forecast of 3.1% for the Canadian REIT industry.
performance of Canada’s REIT industry.
The company’s stock price has fallen 4.5% from a week ago.
risk analysis
Remember, there may still be risks. For example, we identified 3 warning signs for Artis Real Estate Investment Trust (2 makes us uncomfortable) should be noted.
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This article by Simply Wall St is general in nature. We provide commentary using only unbiased methodologies, based on historical data and analyst forecasts, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.
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