Negative Profitability / ROENet losses that drove ROE negative indicate the company is not generating shareholder returns from current operations. Persisting losses can erode equity, limit reinvestment capacity, and pressure capital allocation choices, constraining growth and project funding without external support.
Deteriorating Cash FlowsFalling operating and free cash flows reduce liquidity available for capex, land acquisition and working capital. Deteriorating FCF ratios heighten reliance on external financing, increase vulnerability to interest-cost swings, and can delay project timelines or shrink margins.
Inconsistent Revenue GrowthIrregular revenue trends reflect project timing and sales volatility common in real estate. This unpredictability complicates forecasting, weakens cash flow visibility for multi-quarter planning, and can amplify margin pressure when fixed costs persist despite lower sales.