Singapore's APAC Realty half-year profit slips on higher costs, lower brokerage fees

APAC Realty

03/08/2026 10:50

Overview
Singapore real estate brokerage's half-year revenue fell 3.6% yr/yr
Net income for the period declined 16% yr/yr
Pretax profit dropped 17.4% yr/yr

Outlook
Company did not provide specific guidance or outlook for future quarters

Result Drivers
LOWER BROKERAGE FEES - Real estate brokerage fees and related services revenue fell 3.5% yr/yr
OPERATING EXPENSES - Operating expenses decreased only slightly, not enough to offset revenue decline
HIGHER FINANCE COSTS - Finance costs increased 47.5% yr/yr

Company press release: ID:nSN8TSVYX

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Net Income
 
S$9.40 mln
 
H1 Pretax Profit
 
S$11.50 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the real estate services peer group is "buy"
Wall Street's median 12-month price target for APAC Realty Ltd is S$0.71, about 22.4% above its July 31 closing price of S$0.58
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)