Real Estate Investar (REV) saw Q317 revenue growth of 63% y-o-y with a substantial pick-up in property transactions. The company continues to execute on its strategy to capitalise on its growing membership base of property investors in order to generate property-related transaction revenues. We leave our forecasts substantially unchanged and continue to forecast EBITDA break-even in H217.
Real Estate Investar (REV) is shifting its strategy, aiming to capitalise on its growing membership base of property investors to generate property-related transaction revenues. We have revised our forecasts to reflect a higher proportion of transaction-related revenues, the three-year agreement with Domain Group for data provision, and the Property Factory acquisition in Q416. Our EBITDA break-even forecast moves to H217 (from H216) and we reduce our DCF valuation to A$0.17 (from A$0.26).
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