LAMDA Development 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	567.16	665.02	450.61	141.7	79.09
Other Revenue	-1.7	-0.18	-0.47	0.11	-0.48
Total Revenue	565.46	664.84	450.15	141.81	78.61
Revenue Growth (YoY	-14.95%	47.70%	217.43%	80.41%	12.17%
Property Expenses	360.46	344.87	210.23	119.37	44.68
Selling, General & Administrative	17.71	18.99	14.92	6.95	1.46
Depreciation & Amortization	12.48	12.08	11.29	8.98	8.6
Other Operating Expenses	105.44	131.77	122.52	39.56	28.88
Total Operating Expenses	496.09	507.71	358.96	174.85	83.62
Operating Income	69.36	157.13	91.18	-33.04	-5.02
Interest Expense	-64.09	-69.67	-72.18	-46.23	-36.49
Interest & Investment Income	13.57	17.23	10.07	0.45	0.42
Currency Exchange Gain (Loss)	-0.01	0.01	0	0.05	-0.02
Other Non-Operating Income	-11.16	-12.84	-23.49	-5.36	-13.89
EBT Excluding Unusual Items	7.68	91.86	5.59	-84.12	-55
Gain (Loss) on Sale of Investments	-27.19	-29.19	-22.96	-21.14	-
Gain (Loss) on Sale of Assets	0.35	4.1	-	0.08	2.09
Asset Writedown	168.62	22.93	89.68	146.03	325.3
Other Unusual Items	-13.09	-12.69	-15.01	-17.28	-4.53
Pretax Income	136.37	77.02	57.31	23.57	267.86
Income Tax Expense	43.95	29.54	30.17	47.52	68.09
Earnings From Continuing Operations	92.43	47.48	27.13	-23.96	199.77
Minority Interest in Earnings	-1.88	-1.23	-0.12	-7.45	-8.53
Net Income	90.54	46.25	27.01	-31.41	191.24
Net Income to Common	90.54	46.25	27.01	-31.41	191.24
Net Income Growth	95.75%	71.22%	-	-	-
Basic Shares Outstanding	172	174	174	175	177
Diluted Shares Outstanding	172	174	174	175	178
Shares Change (YoY)	-1.16%	0.18%	-0.52%	-1.67%	0.57%
EPS (Basic)	0.53	0.27	0.16	-0.18	1.08
EPS (Diluted)	0.53	0.27	0.16	-0.18	1.08
EPS Growth	98.28%	70.90%	-	-	-
Operating Margin	12.27%	23.64%	20.26%	-23.30%	-6.38%
Profit Margin	16.01%	6.96%	6.00%	-22.15%	243.29%
EBITDA	74.64	162.22	95.96	-29.46	-1.46
EBITDA Margin	13.20%	24.40%	21.32%	-20.77%	-1.86%
D&A For Ebitda	5.27	5.09	4.78	3.58	3.55
EBIT	69.36	157.13	91.18	-33.04	-5.02
EBIT Margin	12.27%	23.64%	20.26%	-23.30%	-6.38%
Effective Tax Rate	32.23%	38.35%	52.65%	201.66%	25.42%

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.