HBR Realty Empreendimentos Imobiliários S.A. (BVMF:HBRE3)

BVMF:HBRE3 Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	152.34	142.28	137.33	138.8	99.52	83.57
Other Revenue	55.39	19.55	-2.45	-17.22	-16.73	8.34
Total Revenue	207.73	161.83	134.88	121.58	82.79	91.91
Revenue Growth (YoY	45.67%	19.98%	10.93%	46.86%	-9.93%	-36.65%
Property Expenses	81.6	33	29.1	22.3	14.05	11.97
Selling, General & Administrative	47.82	49.55	45.99	32.81	28.13	26.36
Other Operating Expenses	5.37	2.06	10.52	1.03	-15.89	4.17
Total Operating Expenses	134.79	84.61	85.62	56.14	26.29	42.49
Operating Income	72.94	77.22	49.26	65.45	56.5	49.42
Interest Expense	-182.78	-143.8	-122.68	-121.75	-123.44	-70.99
Interest & Investment Income	18.51	17.06	28.01	44.37	24.25	2.33
Other Non-Operating Income	-5.97	-2.88	-2.13	-	-	-1.57
EBT Excluding Unusual Items	-97.31	-52.4	-47.55	-11.94	-42.69	-20.81
Gain (Loss) on Sale of Investments	15.55	15.55	-3.78	-	-	0.03
Asset Writedown	193	189.16	388.18	159.13	253.04	37.91
Total Legal Settlements	-	-	-	-	-	0.08
Pretax Income	111.24	152.31	336.85	147.2	210.35	17.21
Income Tax Expense	19.52	16.79	69.64	26.72	29.87	44.61
Earnings From Continuing Operations	91.72	135.52	267.22	120.48	180.48	-27.4
Minority Interest in Earnings	-82.65	-87.88	-135.4	-57.45	-24.32	6.6
Net Income	9.07	47.65	131.82	63.04	156.16	-20.8
Net Income to Common	9.07	47.65	131.82	63.04	156.16	-20.8
Net Income Growth	-90.79%	-63.85%	109.11%	-59.63%	-	-
Basic Shares Outstanding	89	103	103	103	103	65
Diluted Shares Outstanding	89	103	103	103	103	65
Shares Change (YoY)	-13.76%	-	-	-	58.78%	3.60%
EPS (Basic)	0.10	0.46	1.28	0.61	1.51	-0.32
EPS (Diluted)	0.10	0.46	1.28	0.61	1.51	-0.32
EPS Growth	-89.32%	-63.85%	109.11%	-59.63%	-	-
Operating Margin	35.11%	47.72%	36.52%	53.83%	68.25%	53.77%
Profit Margin	4.37%	29.44%	97.73%	51.85%	188.63%	-22.63%
EBITDA	79.52	81.76	51.23	66.36	57.12	49.94
EBITDA Margin	38.28%	50.52%	37.99%	54.58%	69.00%	54.34%
D&A For Ebitda	6.59	4.54	1.98	0.92	0.62	0.52
EBIT	72.94	77.22	49.26	65.45	56.5	49.42
EBIT Margin	35.11%	47.72%	36.52%	53.83%	68.25%	53.77%
Effective Tax Rate	17.55%	11.02%	20.67%	18.15%	14.20%	259.20%
Revenue as Reported	216.75	162.98	153.38	140.87	87.9	77.33

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.