S&P Global Inc

NYSE:SPGI   3:59:58 PM EDT
+8.19 (+2.32%)
4:00:01 PM EDT: $360.64 -0.02 (-0.01%)
Earnings Announcements

Dubai's Strong Economy Will Likely Support Real Estate Prices Over 2022 - S&P Global Ratings

Published: 03/23/2022 12:51 GMT
S&P Global Inc (SPGI) - 2022 Should Deliver Moderate Increases in Prices and Rents As Well As Strong Sales, Which Will Encourage Developers to Continue to Launch New Projects.
Developers’ Revenue Growth Should Accelerate Over the Next 4-5 Years, Tempered by a Structural Oversupply of Residential Properties and the Delivery of New Developments.
High Oil Prices Will Remain an Important Positive Factor for Investor Sentiment in the Gcc Region.
Pressure on Profitability Will Ease and S&p Adjusted Debt to EBITDA Metrics Will Improve As EBITDA Increases.
New Projects That Are Working Capital Intensive Will Limit This Deleveraging for Some, While Interest Rate Hikes Will Affect Capitalization Rates and Weaken Loan to Value Ratios.
Higher Energy Prices and Cost Inflation Will Motivate Companies to Focus on Cost Efficiencies.
Developers Are Somewhat Protected From the Impact of Higher Raw Materials Costs in the Short Run, Which Are Carried by Contractors.
Some Companies May Consider Non-core Assets Disposals As Valuations Rise.
Geopolitical Tensions and Their Economic Fallout Are a Key Risk, But We Expect Dubai Will Attract Interest As a Safe Haven for Wealthy Individuals.
Introduction of Corporate Taxes in the Uae is Viewed As a Manageable Medium-term Risk, With No Cash Impact Before 2024.
Cash Collections Will Remain High in 2022 Backed by a Sizable Pipeline of Projects to Be Delivered During the Year.
Revenue is expected to be $3.13 Billion
Adjusted EPS is expected to be $3.21

Next Quarter Revenue Guidance is expected to be $3.19 Billion
Next Quarter EPS Guidance is expected to be $3.41

More details on our Analysts Page.