Bulgarian Real Estate Fund REIT (BUL: BREF)

BREF Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	9.92	8.01	7.11	7.03	7.05	7.34
Other Revenue	0.33	0.65	15.7	0.96	0.21	0.59
Total Revenue	10.25	8.65	22.81	7.99	7.26	7.93
Revenue Growth (YoY	23.98%	-62.06%	185.51%	10.01%	-8.42%	15.63%
Property Expenses	4.06	3.68	13.72	2.11	1.34	1.82
Selling, General & Administrative	1.43	1.28	1.66	1.17	1.18	1.22
Other Operating Expenses	-0.29	0.2	0.26	0.62	0.25	0.18
Total Operating Expenses	5.19	5.16	15.64	3.9	2.78	3.22
Operating Income	5.06	3.49	7.17	4.09	4.49	4.71
Interest Expense	-0.98	-0.94	-0.93	-0.75	-0.25	-0.28
EBT Excluding Unusual Items	4.08	2.55	6.25	3.34	4.24	4.43
Asset Writedown	13.94	13.94	6.29	0.57	-1.39	0.57
Pretax Income	18.02	16.49	12.53	3.91	2.84	5.01
Net Income	18.02	16.49	12.53	3.91	2.84	5.01
Net Income to Common	18.02	16.49	12.53	3.91	2.84	5.01
Net Income Growth	89.33%	31.57%	220.32%	37.59%	-43.19%	-22.00%
Basic Shares Outstanding	35	35	35	35	35	35
Diluted Shares Outstanding	35	35	35	35	35	35
Shares Change (YoY)	0.56%	-	-	-	0.34%	54.31%
EPS (Basic)	0.52	0.48	0.36	0.11	0.08	0.14
EPS (Diluted)	0.52	0.48	0.36	0.11	0.08	0.14
EPS Growth	88.25%	31.56%	220.32%	37.59%	-43.38%	-49.45%
Dividend Per Share	-	-	0.113	0.083	0.108	0.124
Dividend Growth	-	-	35.99%	-22.92%	-13.20%	24.69%
Operating Margin	49.38%	40.32%	31.45%	51.17%	61.79%	59.39%
Profit Margin	175.75%	190.58%	54.95%	48.98%	39.16%	63.13%
Free Cash Flow Margin	49.72%	29.54%	10.48%	76.66%	48.88%	54.34%
EBITDA	5.07	3.5	7.18	4.1	4.51	4.73
EBITDA Margin	49.49%	40.39%	31.49%	51.30%	62.06%	59.66%
D&A For Ebitda	0.01	0.01	0.01	0.01	0.02	0.02
EBIT	5.06	3.49	7.17	4.09	4.49	4.71
EBIT Margin	49.38%	40.32%	31.45%	51.17%	61.79%	59.39%
Revenue as Reported	24.19	22.59	29.1	8.56	7.26	8.5

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