Electra Real Estate Ltd. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported negative sales was USD 13.06 million compared to sales of USD 4.63 million a year ago. Negative revenue was USD 23.45 million compared to revenue of USD 8.42 million a year ago.

Net loss was USD 22.93 million compared to net income of USD 5.67 million a year ago. Basic loss per share from continuing operations was USD 0.39 compared to basic earnings per share from continuing operations of USD 0.1 a year ago. Diluted loss per share from continuing operations was USD 0.39 compared to diluted earnings per share from continuing operations of USD 0.1 a year ago.