NEPI Rockcastle Income Statement

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

Millions EUR. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	624.35	566.07	510.1	422.05	369.4
Other Revenue	306.32	287.29	264.18	203.09	169.23
Total Revenue	930.66	853.36	774.28	625.14	538.62
Revenue Growth (YoY	9.06%	10.21%	23.86%	16.06%	0.60%
Property Expenses	284.84	268.37	258.54	201.96	158.11
Selling, General & Administrative	70.7	59.11	55.16	47.81	38.62
Total Operating Expenses	355.54	327.48	313.71	249.77	196.73
Operating Income	575.13	525.88	460.57	375.37	341.89
Interest Expense	-103.96	-100.14	-81	-56.8	-62.65
Interest & Investment Income	6.04	19.91	6.89	3.51	1.42
Currency Exchange Gain (Loss)	-0.45	-0.16	-1.19	1.59	-0.94
Other Non-Operating Income	-9.4	-17.2	-8.72	33.65	0.68
EBT Excluding Unusual Items	467.36	428.29	376.55	357.32	280.41
Gain (Loss) on Sale of Assets	-	25.93	5.64	1.12	2
Asset Writedown	162.25	195.38	164.47	141.7	34.65
Total Legal Settlements	-	-	-	21.3	-37.3
Other Unusual Items	-4.68	-	-	-19.84	-17.77
Pretax Income	624.93	649.6	546.66	501.61	261.99
Income Tax Expense	126.09	62.04	69.86	66.33	26.92
Earnings From Continuing Operations	498.84	587.57	476.8	435.27	235.07
Minority Interest in Earnings	-	-	-	-0.11	-0.07
Net Income	498.84	587.57	476.8	435.17	235
Net Income to Common	498.84	587.57	476.8	435.17	235
Net Income Growth	-15.10%	23.23%	9.57%	85.17%	-
Basic Shares Outstanding	709	670	633	608	609
Diluted Shares Outstanding	711	671	634	609	609
Shares Change (YoY)	5.91%	5.88%	4.22%	-0.08%	-2.56%
EPS (Basic)	0.70	0.88	0.75	0.72	0.39
EPS (Diluted)	0.70	0.88	0.75	0.72	0.39
EPS Growth	-19.84%	16.39%	5.13%	85.31%	-
Dividend Per Share	0.558	0.542	0.513	0.507	0.344
Dividend Growth	3.08%	5.62%	1.18%	47.24%	103.91%
Operating Margin	61.80%	61.63%	59.48%	60.05%	63.48%
Profit Margin	53.60%	68.85%	61.58%	69.61%	43.63%
EBITDA	578.33	527.93	462.04	376.84	342.54
EBITDA Margin	62.14%	61.87%	59.67%	60.28%	63.59%
D&A For Ebitda	3.21	2.05	1.47	1.47	0.64
EBIT	575.13	525.88	460.57	375.37	341.89
EBIT Margin	61.80%	61.63%	59.48%	60.05%	63.48%
Effective Tax Rate	20.18%	9.55%	12.78%	13.22%	10.27%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.