Prodea Real Estate Investment Company Société Anonyme (ATH:PRODEA)

ATH:PRODEA Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	195.24	168.86	186.92	134.2	133.9	135.55
Other Revenue	-1.06	-0.13	0.93	20.22	3.9	0.17
Total Revenue	194.18	168.73	187.85	154.42	137.8	135.72
Revenue Growth (YoY	-2.62%	-10.18%	21.65%	12.06%	1.53%	11.83%
Property Expenses	57.82	30.31	32.21	25.01	17.91	16.17
Selling, General & Administrative	2.62	1.85	1.65	1.01	1.17	1.11
Depreciation & Amortization	4.41	0.51	0.55	0.56	0.46	0.14
Other Operating Expenses	24.2	13.12	14.13	15.15	21.21	-10.15
Total Operating Expenses	90.62	47.37	50.08	41.79	40.75	7.27
Operating Income	103.55	121.35	137.77	112.63	97.05	128.46
Interest Expense	-70.72	-66.36	-37.56	-29.26	-26.48	-25.74
Interest & Investment Income	0.45	-	-	0.88	2.42	0.02
Currency Exchange Gain (Loss)	0.12	0.1	0.02	-0.12	-0.12	-0.16
Other Non-Operating Income	-12.06	-13.26	-1.23	-9.28	-4.84	-2.96
EBT Excluding Unusual Items	21.34	41.84	98.99	74.86	68.03	99.62
Gain (Loss) on Sale of Investments	0.96	-	-	-	-	-2.14
Gain (Loss) on Sale of Assets	10.31	5.89	1.37	0.2	4.75	19.12
Asset Writedown	44.45	36.43	22.66	94.08	-7.57	175.08
Other Unusual Items	1.61	-0.17	1.61	9.17	-	19.28
Pretax Income	78.67	83.99	124.63	178.3	65.21	310.96
Income Tax Expense	11.85	10.16	0.86	3.22	2.26	14.04
Earnings From Continuing Operations	66.83	73.83	123.77	175.08	62.95	296.93
Earnings From Discontinued Operations	-	-	-	6.61	-9.21	1.97
Net Income to Company	66.83	73.83	123.77	181.69	53.73	298.9
Minority Interest in Earnings	19.42	13.25	4.88	-3.8	3.85	-5.01
Net Income	86.25	87.08	128.65	177.89	57.58	293.9
Net Income to Common	86.25	87.08	128.65	177.89	57.58	293.9
Net Income Growth	-13.18%	-32.31%	-27.68%	208.95%	-80.41%	155.33%
Basic Shares Outstanding	255	255	255	255	255	255
Diluted Shares Outstanding	255	255	255	255	255	255
EPS (Basic)	0.34	0.34	0.50	0.70	0.23	1.15
EPS (Diluted)	0.34	0.34	0.50	0.70	0.23	1.15
EPS Growth	-13.18%	-32.31%	-27.68%	208.95%	-80.41%	155.33%
Dividend Per Share	0.607	0.247	0.255	0.279	0.352	0.613
Dividend Growth	138.04%	-3.14%	-8.60%	-20.74%	-42.58%	114.34%
Operating Margin	53.33%	71.92%	73.34%	72.94%	70.43%	94.65%
Profit Margin	44.42%	51.61%	68.48%	115.20%	41.78%	216.54%
Free Cash Flow Margin	21.89%	13.00%	48.22%	29.83%	51.07%	68.44%
EBITDA	107.62	121.76	138.23	113.06	97.51	128.6
EBITDA Margin	55.43%	72.16%	73.58%	73.22%	70.76%	94.75%
D&A For Ebitda	4.07	0.41	0.46	0.43	0.46	0.14
EBIT	103.55	121.35	137.77	112.63	97.05	128.46
EBIT Margin	53.33%	71.92%	73.34%	72.94%	70.43%	94.65%
Funds From Operations (FFO)	24	39.63	56.83	61.04	69.57	71.95
Adjusted Funds From Operations (AFFO)	-	39.63	56.83	61.04	69.57	71.95
FFO Payout Ratio	268.47%	167.24%	126.95%	135.55%	160.63%	182.53%
Effective Tax Rate	15.06%	12.10%	0.69%	1.81%	3.47%	4.51%
Revenue as Reported	168.86	168.86	186.92	134.2	133.9	135.55

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