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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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.

Stoneweg European REIT office building, Q4 2024 earnings shortfall announcement.