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evenue for the trailing 12 months was €212.9m, a 1.6% decrease from the previous year's full-year results. Net income improved significantly to €33.2m, reversing last year's net loss of €76.2m. The profit margin also turned positive at 16%, up from a net loss in the prior year. Earnings per share (EPS) were €0.059, a decline from the €0.14 loss reported in FY 2023.
The Office - The Netherlands segment was the primary driver of revenue, contributing €47.6m or 22% of total revenue. Non-operating costs accounted for the largest expense at €88.0m, indicating that a significant portion of CWBU's costs are related to non-core activities.
Revenue is forecast to remain flat over the next three years, contrasting with a 1.9% growth projection for the REITs industry in Asia. The company's shares have declined by 1.3% from last week, while Stoneweg European Real Estate Investment Trust shows two concerning warning signs among its investment analysis.
realestate
Stoneweg European REIT Falls Short of Q4 2024 Earnings Projections
Stoneweg European Real Estate Investment Trust (SGX:CWBU) FY 2024 Key Financial Results: Revenue and Earnings Highlights
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Feds charge real estate execs with fraud in LA homelessness aid
DOJ charges two LA real estate execs with stealing Homekey Program funds for homeless housing.
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4 Can't-Miss Open Houses This Weekend
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