Eurocommercial Properties N.V. (AMS: ECMPA)

Eurocommercial Properties Income Statement

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2020
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Jun 30, 2020
Rental Revenue	217.97	215.28	199.31	198.34	202.42	203.35
Other Revenue	50.68	46.42	62.37	45.36	39.78	23.96
Total Revenue	268.64	261.69	261.68	243.7	242.19	227.31
Revenue Growth (YoY	4.27%	0.01%	7.38%	0.62%	6.55%	-2.97%
Property Expenses	75.05	76.14	74.59	89	76.67	63.64
Selling, General & Administrative	15.52	15.71	14.54	12.83	14.21	11.06
Depreciation & Amortization	-	-	-	-	-	0.52
Other Operating Expenses	-1.66	-1.56	-1.42	-3.06	-2.7	0.42
Total Operating Expenses	88.91	90.29	87.7	98.77	88.18	75.64
Operating Income	179.73	171.4	173.98	144.94	154.01	151.67
Interest Expense	-90.76	-86.46	99.57	-1.07	-47.18	-49.35
Interest & Investment Income	1.4	1.58	0.93	0.01	0.17	0.03
Currency Exchange Gain (Loss)	0.19	0.19	-0.64	-0.45	0.54	0.13
Other Non-Operating Income	6.49	-10.68	-8.61	-6.15	3.55	-0.09
EBT Excluding Unusual Items	97.05	76.03	265.23	137.29	111.09	102.4
Gain (Loss) on Sale of Investments	-3.26	-2.72	-2.46	-0.5	-	-1.59
Gain (Loss) on Sale of Assets	0.03	0.03	-1.5	-0.99	-5.91	-1.26
Asset Writedown	-47.02	-90.18	-14.13	-11.83	-99.49	-107.94
Other Unusual Items	-0.36	-0.36	5.26	8.79	1.94	0.15
Pretax Income	46.45	-17.2	252.39	132.75	7.63	-8.24
Income Tax Expense	16.87	8.9	45.88	26.77	-64.77	-7.09
Earnings From Continuing Operations	29.58	-26.1	206.51	105.97	72.41	-1.15
Minority Interest in Earnings	-	-0.78	-5.78	-1.29	4.51	5.53
Net Income	29.58	-26.87	200.74	104.69	76.91	4.38
Net Income to Common	29.58	-26.87	200.74	104.69	76.91	4.38
Net Income Growth	-52.36%	-	91.75%	36.11%	1656.77%	-94.13%
Basic Shares Outstanding	53	53	53	53	53	53
Diluted Shares Outstanding	53	53	53	53	53	53
Shares Change (YoY)	1.12%	0.33%	0.06%	-0.08%	0.41%	-1.29%
EPS (Basic)	0.55	-0.51	3.80	1.98	1.45	0.08
EPS (Diluted)	0.55	-0.51	3.80	1.98	1.45	0.08
EPS Growth	-53.33%	-	91.86%	36.18%	1649.60%	-94.07%
Dividend Per Share	1.060	1.700	1.600	1.480	0.311	-
Dividend Growth	-35.37%	6.25%	8.09%	375.37%	-	-
Operating Margin	66.90%	65.50%	66.49%	59.47%	63.59%	66.72%
Profit Margin	11.01%	-10.27%	76.71%	42.96%	31.76%	1.93%
Free Cash Flow Margin	38.38%	44.71%	41.45%	39.58%	40.47%	33.62%
EBITDA	180.45	171.96	174.72	145.84	154.92	153.8
EBITDA Margin	67.17%	65.71%	66.77%	59.84%	63.96%	67.66%
D&A For Ebitda	0.72	0.56	0.73	0.9	0.91	2.13
EBIT	179.73	171.4	173.98	144.94	154.01	151.67
EBIT Margin	66.90%	65.50%	66.49%	59.47%	63.59%	66.72%
Effective Tax Rate	36.31%	-	18.18%	20.17%	-	-
Revenue as Reported	261.04	256.86	243.51	237.74	231.52	232.69

Source: S&P Capital IQ. Real Estate template. Financial Sources.