Trade Estates REIC (ATH:TRESTATES)

Trade Estates REIC Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Rental Revenue	42.54	41.12	37.52	23.92	18.89	13.3
Other Revenue	11.37	11.14	8.09	2.92	3.09	0.45
Total Revenue	53.92	52.26	45.61	26.84	21.98	13.75
Revenue Growth (YoY	9.79%	14.58%	69.94%	22.10%	59.88%	-
Property Expenses	15.78	15.44	11.37	4.71	3.57	0.78
Selling, General & Administrative	0.62	0.62	1.06	1.31	0.42	-
Depreciation & Amortization	0.63	0.65	0.5	0.28	0.19	0.03
Other Operating Expenses	6.77	5.13	4.74	3.74	2.47	1.39
Total Operating Expenses	23.8	21.84	17.67	10.04	6.66	2.2
Operating Income	30.11	30.42	27.93	16.8	15.32	11.55
Interest Expense	-14.19	-13.38	-16.27	-7.22	-3.52	-1.01
Interest & Investment Income	5.12	5.12	5.48	0.59	0.27	-
Currency Exchange Gain (Loss)	-0.01	-0.01	-0.01	-0.01	-	-
Other Non-Operating Income	0.03	-0.21	-0.63	-0.29	-0.53	-0.02
EBT Excluding Unusual Items	21.56	21.94	16.52	9.87	11.53	10.52
Gain (Loss) on Sale of Investments	-	2.35	-	-	-	-
Asset Writedown	30.02	18.32	10.95	30.24	13.58	6.07
Pretax Income	51.58	42.61	27.47	40.11	25.11	16.59
Income Tax Expense	3.39	2.7	3.44	2.4	1.1	0.99
Net Income	48.18	39.91	24.04	37.71	24.01	15.6
Net Income to Common	48.18	39.91	24.04	37.71	24.01	15.6
Net Income Growth	92.21%	66.04%	-36.26%	57.09%	53.86%	-
Basic Shares Outstanding	121	121	121	94	87	87
Diluted Shares Outstanding	121	121	121	94	87	87
Shares Change	0.12%	0.00%	28.83%	7.83%	-	-
EPS (Basic)	0.40	0.33	0.20	0.40	0.28	0.18
EPS (Diluted)	0.40	0.33	0.20	0.40	0.28	0.18
EPS Growth	91.44%	65.48%	-50.52%	45.68%	53.88%	-

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share	0.195	0.195	0.100	0.080	-	0.120
Dividend Growth	273.40%	95.27%	25.00%	-	-	-
Operating Margin	55.85%	58.20%	61.25%	62.59%	69.69%	83.98%
Profit Margin	89.37%	76.37%	52.70%	140.51%	109.22%	113.49%
EBITDA	30.29	30.62	28.13	16.91	15.37	11.55
EBITDA Margin	56.18%	58.59%	61.68%	63.00%	69.93%	83.98%
D&A For Ebitda	0.18	0.2	0.2	0.11	0.05	-
EBIT	30.11	30.42	27.93	16.8	15.32	11.55
EBIT Margin	55.85%	58.20%	61.25%	62.59%	69.69%	83.98%
Funds From Operations (FFO)	21.97	21.97	15.23	8.91	9.87	10.83
Adjusted Funds From Operations (AFFO)	-	21.97	15.23	8.91	9.87	-
FFO Payout Ratio	72.04%	54.86%	63.32%	83.88%	52.73%	-
Effective Tax Rate	6.58%	6.34%	12.50%	5.99%	4.38%	5.96%
Revenue as Reported	53.53	51.87	46.19	26.69	20.81	13.98

Data Source: S&P Global Market Intelligence Last updated: Dec 31, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Sep 2, 2026

Data Sources Report a data error